Assets Invested in a Responsibility Center Are Included in a Performance

question 5

Multiple Choice

Assets invested in a responsibility center are included in a performance report of a:

• A)Option a
• B)Option b
• C)Option c
• D)Option d

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Definitions:

Internal Controls

Procedures and policies implemented by a company to ensure the integrity of financial and accounting information, promote accountability and prevent fraud.

Independent

Free from external control or influence; not connected or dependent on something else.

Internal Control Systems

Processes and procedures implemented by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.

Financial Results

The outcomes of a company's operations and activities in terms of profit or loss, revenue, and expense over a specific period.