Which of the Following Is a Responsibility Center Whose Success

question 47

Multiple Choice

Which of the following is a responsibility center whose success is measured not only by its income,but also by relating that income to its invested capital?

• A)Investment center
• B)Cost center
• C)Profit center
• D)Revenue center

Apply Bayes' Law to compute posterior probabilities based on given conditions and prior information.

Differentiate between prior, likelihood, and posterior probabilities.

Solve practical problems involving conditional probability, including medical diagnostics and service delivery scenarios.

Calculate the probabilities of composite events using addition and multiplication rules.

---

Definitions:

Accounts Receivable Turnover

Accounts receivable turnover is a financial ratio that measures how many times a business can collect its average accounts receivable during a period, indicating the efficiency of credit and collection activities.