Anything for Which Managers Want a Separate Measurement of Cost

question 158

Multiple Choice

Anything for which managers want a separate measurement of cost is called:

• A)a responsibility center.
• B)a cost object.
• C)a profit object.
• D)a conversion cost.

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Definitions:

Partnership

An authorized business arrangement where two or more partners share both the administration and the profits.

Dissolution

The closure or termination of an entity's existence, such as a corporation or partnership.

UPA

Uniform Partnership Act, which is legislation adopted by various states in the USA to govern partnership formation and operation.

Causes

The reasons or motivations behind an event or action, explaining why it occurred.