To Evaluate the Performance of A(an)________, a Top Manager Is

question 100

Multiple Choice

To evaluate the performance of a(an) ________, a top manager is responsible for revenues, costs, and the efficient use of the assets invested in the division.

• A)cost center
• B)investment center
• C)profit center
• D)revenue center

---

Definitions:

Salaries Payable

Salaries payable represent the amount of salary expenses that have been incurred by a business but have not yet been paid to employees.

Ceilings For Taxes

Limits set for the amount of taxes that can be imposed or charged by a government or regulatory entity.

Social Security Tax

A mandatory tax levied on both employers and employees to fund the Social Security program.

Medicare Tax

A federal tax that funds Medicare, a health care program for individuals who are 65 and older, which is deducted from employees' paychecks.