A Profit Center Responsibility Report ________

question 134

Multiple Choice

A profit center responsibility report ________.

• A) should not include costs for which the profit center manager is not accountable
• B) does not include revenues since that information only appears on the revenue center responsibility report
• C) includes traceable fixed expenses
• D) is the same as a performance report

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Definitions:

Chief Executive Officer

The Chief Executive Officer (CEO) is the highest-ranking executive in a company, whose primary responsibilities include making major corporate decisions, managing the overall operations and resources of a company, and acting as the main point of communication between the board of directors and corporate operations.

Fabricated

Something that is made up or constructed; often referring to information or data that is falsely created or manipulated.

Profit Statement

A financial document detailing a company's revenues, expenses, and net profit over a specific period.

Corporate Social Responsibility

A concept where businesses integrate social and environmental concerns in their operations and interaction with stakeholders.