A Responsibility Center for Which Separate Measures of Revenues and Costs

question 35

Multiple Choice

A responsibility center for which separate measures of revenues and costs are obtained is called a(n) ________.

• A) cost center
• B) contribution center
• C) contribution margin center
• D) segment

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Definitions:

Budget Document

A detailed financial statement presented by the government outlining its revenue and expenditure for a specific fiscal period.

Continuing Resolutions

Temporary funding measures used by governments to prevent operational shutdowns when formal budget bills have not been approved.

Budget Resolutions

Legislative measures specifying the broad levels of taxation and spending, setting the framework for the detailed budget process.

Congressional Suggestions

Recommendations or proposals made by members of Congress intended to guide legislative decisions or policy formations.