The Kind of Responsibility Center That Would Be Evaluated by Comparing

question 38

Multiple Choice

The kind of responsibility center that would be evaluated by comparing income on assets to the amount of assets invested is:

• A) An investment center.
• B) An asset center.
• C) A cost center.
• D) A profit center.

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Definitions:

Federal Legislation

Laws enacted by the national government of a country, which supersede state or provincial laws where conflicts arise.

Provincial Legislation

Laws and regulations enacted by the legislative authority of a province or territory in a country.

Fundamental Justice

A principle underlying the legal system that ensures fair legal processes and respect for human rights.

Parliamentary Supremacy

The principle that Parliament has the supreme authority to make or repeal any law.