Managers in Profit Centers Are Responsible for Controlling ________ and ________

question 14

Multiple Choice

Managers in profit centers are responsible for controlling ________ and ________.

• A) costs; invested capital
• B) revenues; invested capital
• C) revenues; costs
• D) expenses; invested capital

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Definitions:

Professional Licensing Statutes

Laws and regulations that establish the requirements and standards for obtaining and maintaining a license to practice certain professions.

Public's Health

The science and practice of protecting and improving the health of a community, as by preventive medicine, health education, control of communicable diseases, application of sanitary measures, and monitoring of environmental hazards.

Age of Majority

The legally recognized age at which an individual is considered an adult and capable of assuming legal rights and responsibilities.

Unconscionable

An action or a contract deemed to be so unfair or unjust towards a party that no reasonable or informed person would agree to it.