The Part of a Business a Particular Manager Is Held

question 6

Multiple Choice

The part of a business a particular manager is held responsible for is called a:

• A)Cost center.
• B)Profit center.
• C)Investment center.
• D)Responsibility center.

---

Definitions:

Borrowing Money

The act of obtaining funds from another party, typically a financial institution, with the promise to return the principal amount along with interest.

Issuing Stock

The process by which a company releases its shares to the public or existing shareholders to raise capital.

Purchase Assets

The act of acquiring ownership or a controlling interest in physical or intangible items that have value, for operational or investment purposes.

Real Assets

Physical or tangible assets such as real estate, commodities, and natural resources.