A Responsibility Centre for Which Costs Are Accumulated Is Called

question 63

Multiple Choice

A responsibility centre for which costs are accumulated is called a(n)

• A) profit centre.
• B) cost centre.
• C) investment centre.
• D) accounting centre.

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Definitions:

Political Spending

Financial expenditures made by individuals, organizations, or companies to influence political processes and election outcomes.

First Amendment

A provision in the United States Constitution that prohibits the government from making laws which regulate an establishment of religion, or that would prohibit the free exercise of religion, or abridge the freedom of speech, the freedom of the press, the right to peaceably assemble, or the right to petition the government for a redress of grievances.

Federal Statute

A law enacted by the national government that applies to all states and people within the United States.

Legislation

The process of making or enacting laws, including the preparation and passage of bills through a legislative body.