The Manager of Which of the Following Centers Has the Authority

question 153

Multiple Choice

The manager of which of the following centers has the authority to open new stores or close existing ones?

• A) cost center
• B) profit center
• C) investment center
• D) revenue center

Calculate the rate of mark-up on cost and on selling price.

Understand and calculate the impact of markdowns on profitability.

Apply discounts and terms correctly to determine final payments.

Calculate net price after trade discounts.

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Definitions:

Affiliation Goal

A social goal aimed at creating or enhancing relationships with others to fulfill a basic human need for companionship.

Behavioural Judgment

The process of making decisions and forming evaluations based on the behavior and actions of oneself and others.

Vertical Reports

Vertical reports are documents or presentations that communicate information up or down an organization's hierarchical structure, from subordinates to managers or vice versa.

Organizational Level

Referring to the hierarchical ranking or structure within an organization, distinguishing roles, responsibilities, and authority across different tiers.