The Manager of the Accounting Department That May Be Evaluated

question 125

Multiple Choice

The manager of the accounting department that may be evaluated on his or her ability to control expenses at Adidas may be in charge of a(n)

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

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Definitions:

Quantity Demanded

The cumulative quantity of a product or service that buyers are ready and capable of buying at a certain price level.

Elasticity Coefficient

A numeric value that measures the responsiveness of the quantity demanded or supplied of a good to a change in its price.

Buyer Responsiveness

The degree to which consumers adjust their demand for a product or service in response to changes in price or other factors.

Demand Curve

A graph showing the relationship between the price of a good and the quantity of the good that consumers are willing and able to purchase at various prices.