The Manager of a Local Wal-Mart Would Be in Charge

question 14

Multiple Choice

The manager of a local Wal-Mart would be in charge of a(n) :

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

---

Definitions:

Time-Weighted

A method for calculating investment returns that eliminates the impact of cash flows into and out of the portfolio, focusing on the manager's ability to select securities.

Pension Fund

A pool of assets forming an investment plan that provides retirement income to employees.

Year

A period of time consisting of 365 days, or 366 in a leap year, used as a measure of time for calendars, age, and time intervals.

Sponsor

An entity or individual that supports an event, activity, person, or organization financially or through the provision of products or services.