Which of the Following Is True of Revenue Centers

question 85

Multiple Choice

Which of the following is true of revenue centers?

• A) These are responsibility centers wherein managers are responsible for costs and quantity sold.
• B) These are responsibility centers wherein managers are responsible for price and quantity sold.
• C) These are responsibility centers wherein managers are responsible for revenues.
• D) These are responsibility centers wherein managers are responsible for investments.
• E) None of these

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Definitions:

Fair Value

A valuation of an asset or liability, determined by the current market prices in a lively market.

Consolidated Buildings

Buildings and related assets that are grouped together on a company's balance sheet after it has combined its financial statements with those of its subsidiaries.

Business Combination

A transaction or other event in which an acquirer gains control of one or more businesses, often involving a merger or acquisition.

Common Stock

A type of equity security that represents ownership in a corporation, giving holders voting rights and a share in the company's profits through dividends.