A Responsibility Center in Which a Manager Is Responsible for Both

question 108

Multiple Choice

A responsibility center in which a manager is responsible for both revenues and costs is a(n)

• A) cost center.
• B) revenue center.
• C) profit center.
• D) investment center
• E) None of these.

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Definitions:

Maturity Value

The total amount to be received at the end of an investment period, including the principal and the interest earned.

Missing Value

A data point that is missing or not recorded in a dataset, which can impact the analysis and outcomes of statistical models.

Investment

The allocation of resources, such as time, money, or effort, in expectation of a future benefit or return.

Missing Value

A term used to describe data that is absent or not available in a dataset or equation.