The manager of a cost center has control over:
A) revenues and costs.
B) costs only.
C) costs and investment decisions.
D) pricing decisions.
B
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Which of the following accounts would most likely be reviewed by the auditor to gain reasonable assurance that additions to property, plant, and equipment are not understated or incorrectly classified?
A. Cash. B. Accounts payable. C. Depreciation expense. D. Repairs and maintenance expense.
In general, a cost incurred in conjunction with a long-term asset is included in the long-term asset account when the cost
A) is incurred subsequent to asset use. B) exceeds a certain dollar amount. C) is incurred prior to asset use. D) will expire in less than one year.
Intangible property is another way to describe intellectual property
Indicate whether the statement is true or false
Against a charge of a violation of the Securities Act of 1933, only an issuer of stock can assert the due diligence defense
a. True b. False Indicate whether the statement is true or false