Responsibility Centers Include All of the Following EXCEPT

question 63

Multiple Choice

Responsibility centers include all of the following EXCEPT:

• A)cost
• B)revenue
• C)customers
• D)investment

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Definitions:

Noncontrolling Interest

A minority interest in a subsidiary that is not owned by the parent company, representing shareholders' equity in subsidiaries not attributable, directly or indirectly, to a parent.

Foreign Currency

The money or legal tender issued by a country's government, which is used and traded internationally outside of the issuing country.

Nonmonetary Assets

Assets that are not in the form of cash or cannot be quickly converted into cash, such as property, plant, and equipment.

Current Exchange Rate

The rate at which one currency can be exchanged for another at present.