Responsibility Centres includes all except a. Investment Centres b. Profit Centres c. Knowledge Centres d. Cost...
Homework Answers
c. Knowledge Centre
A responsibility center is a segment of an organization for which a particular executive is responsible. There are three types of responsibility centers—expense (or cost) centers, profit centers, and investment centers. In designing a responsibility accounting system, management must examine the characteristics of each segment and the extent of the responsible manager’s authority.
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Responsibility Centres includes all except
a. Investment Centres
b. Profit Centres
c. Knowledge Centres
d. Cost...
Equity is one of the key elements of partnering and it includes all the following except...
Equity is one of the key elements of partnering and it includes all the following except Select one: a. Utilizing win/win thinking b. Commitment to satisfy each party c. Consideration of all the parties’ interests d. Consideration of all contract requirements
Knowledge Check 01 Merchandise Inventory includes all of the following except O Goods held for sale...
Knowledge Check 01 Merchandise Inventory includes all of the following except O Goods held for sale Goods located in the warehouse O Goods sold Goods located in an off-site warehouse
Which responsibility centers generate both revenues and costs? Question 20 options: Investment and profit centers Profit...
Which responsibility centers generate both revenues and costs? Question 20 options: Investment and profit centers Profit and cost centers Cost and investment centers Only profit centers A profit center is Question 21 options: a responsibility center that always reports a profit. a responsibility center that incurs costs and generates revenues. evaluated by the rate of return earned on the investment allocated to the center. referred to as a loss center when operations do not meet the company's objectives.
Explain and provide a business example for each responsibility center: cost center, profit center and investment...
Explain and provide a business example for each responsibility center: cost center, profit center and investment center.
Passive category income includes all the following except: A) HTKO (highly taxed income) B) Dividends C)...
Passive category income includes all the following except: A) HTKO (highly taxed income) B) Dividends C) Annuities D) Rents
1) All of the following are cooperative aspects of strategic alliances, EXCEPT ____. Select one: a....
1) All of the following are cooperative aspects of strategic alliances, EXCEPT ____. Select one: a. creating economies of scale in tangible assets b. forming upstream-downstream divisions of labor c. limiting investment risks through shared resources d. learning new intangible skills from alliance partners 2) According to Berdrow and Lane, the process of transformation can be defined as ____. Select one: a. managing the flow of transformed and newly created knowledge from the IJV back to the parents b. managing...
The "perfect information" assumption of perfect competition includes all of the following except one. Which one?...
The "perfect information" assumption of perfect competition includes all of the following except one. Which one? Select one: a. Consumers know their preferences. b. Consumers know their income levels. c. Consumers know the prices available. d. Consumers can anticipate price changes. e. Firms know their costs, prices and technology.
All of the following are common arguments against social responsibility for organizations EXCEPT a. businesses lack...
All of the following are common arguments against social responsibility for organizations EXCEPT a. businesses lack the expertise needed to manage social programs. b. involvement in social programs gives businesses too much power. c. the purpose of businesses in the United States is to generate profit for the owners. d. business creates problems and should therefore help solve them. e. there is potential for conflicts of interest.
Modifying conventions include all of the following except: Select one or more: a. Cost-benefit. b. Materiality....
Modifying conventions include all of the following except: Select one or more: a. Cost-benefit. b. Materiality. c. Periodicity. d. Conservatism.
A difference between audit standards and attestation standards includes all of the following except C unlike...
A difference between audit standards and attestation standards includes all of the following except C unlike attestation standards, audit standards include an emphasis on internal controls. C penalties and fines for non-compliance with audit standards are much greater. C unlike audit standards, attestation standards emphasize that the subject matter must be capable of evaluation or measurement C unlike audit standards, attestation standards stress the importance of knowledge of the subject matter. • Previous Question In conducting assurance and accounting services,...
Knowledge Check 01 Merchandise Inventory includes all of the following except O Goods held for sale Goods located in the warehouse O Goods sold Goods located in an off-site warehouse
The "perfect information" assumption of perfect competition includes all of the following except one. Which one? Select one: a. Consumers know their preferences. b. Consumers know their income levels. c. Consumers know the prices available. d. Consumers can anticipate price changes. e. Firms know their costs, prices and technology.
A difference between audit standards and attestation standards includes all of the following except C unlike attestation standards, audit standards include an emphasis on internal controls. C penalties and fines for non-compliance with audit standards are much greater. C unlike audit standards, attestation standards emphasize that the subject matter must be capable of evaluation or measurement C unlike audit standards, attestation standards stress the importance of knowledge of the subject matter. • Previous Question In conducting assurance and accounting services,...
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