If the head of a hotel's food and beverage operation is held accountable for revenues and costs, the food and beverage operation would be considered a (n):
A. investment center.
B. cost center.
C. revenue center.
D. contribution center.
E. profit center.
Answer: E
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The Financial Accounting Foundation (FAF) is the parent organization of which of the following organizations?
A) AICPA (American Institute of Certified Public Accountants) B) AAA (American Accounting Association) C) SIFMA (Securities Industry and Financial Markets Association) D) FASB (Financial Accounting Standards Board)
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A. Income trends B. Information C. Cash flow D. Historical milestones E. Ideas
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Answer the following statement true (T) or false (F)