In a Cost Center,the Manager Has Responsibility and Authority for Making

question 90

Multiple Choice

In a cost center,the manager has responsibility and authority for making decisions that affect

• A)revenues.
• B)assets.
• C)costs.
• D)both costs and revenues.

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Definitions:

Capital Deficiency

A situation where a company's liabilities exceed its assets, indicating financial distress.

Income Ratio

A financial metric that compares different types of income to a common base, such as net income to sales, to evaluate financial performance.

Cash Distribution

The process of distributing or paying out cash from a corporation to its shareholders, often in the form of dividends.

Capital Deficiency

A situation where a company's liabilities exceed its assets, indicating financial distress or bankruptcy risk.