A Cost Center Manager Should Be Evaluated by

question 56

Multiple Choice

A cost center manager should be evaluated by

• A)Examination of actual costs against budgeted costs.
• B)A review of both revenues and expenses,with a focus on operating income.
• C)How well assets have been used to generate income.
• D)None of these answer choices are correct.

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Definitions:

Minimum Balance

The smallest amount that must be maintained in a bank account to avoid penalties, such as service charges.

Check-Cashing Services

Financial services where checks can be cashed for a fee without needing a bank account.

American Bankers Association

A trade association representing the United States banking industry, aimed at fostering a safe and competitive banking system.

Transactions Demand

Transactions demand refers to the amount of money that people hold for the purpose of making everyday purchases and transactions.