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

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Definitions:

Commercial Banks

Financial institutions that accept deposits, offer checking and savings accounts, and provide loans, thereby playing a crucial role in the financial system.

Central Bank

Is the primary financial institution of a country, responsible for issuing currency, managing the money supply, regulating banks, and implementing monetary policy to achieve economic stability.

Foreign Exchange Rate

The price at which one currency can be exchanged for another currency in the foreign exchange market.

World Market

The global marketplace where goods, services, and financial products are bought and sold across borders.