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:

Department of Labor

A US government department responsible for occupational safety, wage and hour standards, unemployment insurance benefits, reemployment services, and some economic statistics.

Disclaimer

In employment law, a statement that regardless of provisions or policies in an employment handbook and regardless of oral promises to the contrary, an employment-at-will situation still exists between an employer and its employees. In the accounting profession, a statement declaring that an auditor has decided not to give any opinion on a firm’s financial records.

Exempt Employee

An employee who is exempt from overtime pay and minimum wage requirements, typically based on their job duties and salary level.

FLSA

The Fair Labor Standards Act, a US labor law that sets out minimum wage, overtime pay eligibility, recordkeeping, and child labor standards for full-time and part-time workers in the private sector and in federal, state, and local governments.