Which Term Below Best Fits "A Part, Segment, or Subunit

question 79

Multiple Choice

Which term below best fits "a part, segment, or subunit of a company whose manager is accountable for specified activities"?

• A)Operating budget
• B)Master budget
• C)Sensitivity analysis
• D)Responsibility center

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Definitions:

Specific Property

Refers to a distinct, identifiable piece of property, as opposed to a general right or interest.

Settlor

A person who creates a trust by providing the initial trust property and setting the terms of the trust.

Federal Estate Tax

A tax levied by the federal government on the transfer of the taxable estate of a deceased person, whether transferred via will, according to state laws, or through an estate plan.

State Inheritance Tax

A tax imposed by some states on individuals who inherit property or money from someone who has died.