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

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Definitions:

Taxable Income

The portion of an individual's or corporation's income that is subject to taxes by the government, after all deductions and exemptions.

Average Tax Rate

The ratio of the total amount of taxes paid to the total tax base (income), showing the percentage of income paid in taxes.

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in the price of that good, expressed as a percentage change.