Responsibility Accounting Reports for Profit Centers Will Include

question 14

Multiple Choice

Responsibility accounting reports for profit centers will include

• A) costs only
• B) revenues only
• C) expenses and fixed assets
• D) revenues,expenses,net income or loss from operations

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Definitions:

Multiple-class Shares

Stocks issued by a single company that have different rights, dividends, or voting powers, typically designated as Class A, Class B, etc.

Front-end Load

A commission or sales charge applied at the time of the initial purchase of an investment.

SEC Rule 12b-1

A regulation by the U.S. Securities and Exchange Commission that allows mutual funds to charge their shareholders for advertising and sales promotion expenses.

Marketing Expenses

Costs associated with promoting a company, product, or service, including advertising, product samples, and event sponsorships.