Which of the Following Is a Responsibility That Is Common

question 83

Multiple Choice

Which of the following is a responsibility that is common to the managers of cost,profit,and investment centers?

• A) generating revenues
• B) generating profits
• C) managing the invested capital
• D) controlling costs

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Definitions:

Direct Forecast

A method where future values are estimated based on a direct analysis of past and present data, without involving intermediate steps.

Sensitivity Analysis

A method employed to ascertain the effects of varying levels of an independent variable on a specific dependent variable, given a certain set of presuppositions.

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in its price, indicating the sensitivity of demand to price changes.

Marketing Research Approach

A systematic method that companies use to identify, collect, analyze, and interpret data relevant to their marketing decisions.