The Convenience Store Owned by a National Chain Is Likely

question 150

Multiple Choice

The convenience store owned by a national chain is likely to be classified as a(n) :

• A)cost center.
• B)investment center.
• C)profit center.
• D)revenue center.

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Definitions:

Mortuary

A facility or establishment that prepares the deceased for burial or cremation and often holds funerals or memorial services.

Partnership Assets

Properties, funds, or resources owned collectively by a partnership and used in conducting its business activities.

Creditor

An entity to which a debtor owes money.

Agency

The fiduciary relationship that arises when one person consents to have another act on his behalf and subject to his control and the other consents to do so.