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:

General Partner

An owner of a partnership who has unlimited liability and is typically involved in the day-to-day management of the business.

Trust Funds

Financial funds legally held by a trustee for the benefit of another party, known as the beneficiary.

Patent Leather

Patent Leather is a type of leather that has been finished with a high gloss, achieved through a coating process, often used in fashion items such as shoes, belts, and handbags.

Accounting Partnership

An accounting partnership is a business arrangement where two or more individuals manage and operate an accounting firm, sharing responsibilities, profits, and liabilities.