Which of the Following Responsibility Centres Use a Performance Report

question 33

Multiple Choice

Which of the following responsibility centres use a performance report that compares only actual revenues and budgeted revenues?

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

Recognize the legal and procedural aspects of declaring dividends.

Understand the concept of equilibrium in a market and how it is determined by the forces of supply and demand.

Explain the effects of price ceilings and price floors on market equilibrium.

Analyze the consequences of shifts in supply and demand on equilibrium price and quantity.

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Definitions:

Corporation

A legal entity that is separate from its owners, with its own rights and liabilities, allowing it to own property, enter contracts, and be sued.

Dodd-Frank Act

Comprehensive financial regulatory reform legislation passed in 2010 in the United States, aimed at reducing risks in the financial system.

Executive Compensation

The financial remuneration and benefits provided to a company's executive officers, often including salary, bonuses, stock options, and other perks.

Proxy Statements

Documents containing information that a publicly-traded company must provide to shareholders to solicit proxies for voting on corporate matters during shareholders' meetings.