Which of the following statements regarding investment centers is incorrect?
A. A manager of an investment center should be accountable for assets, liabilities, and earnings.
B. A manager of an investment center is responsible for the investment of capital, but not revenues or expenses.
C. Investment centers are commonly found at the higher levels of an organization chart.
D. Return on investment and residual income are tools used to assess managers of an investment center.
Answer: B
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Similar to stock and commodity exchanges, the foreign exchange market is an organized structure with a central meeting place and formal licensing requirements.
a. True b. False
What is the goal of strategic capacity planning?
A. to prevent a shortage of finished products B. to minimize the gap between the capacity available in the system and the capacity that is required to meet demand C. to minimize the inventory of finished products D. to maximize product availability
Which of the following statements is true of state court systems?
A) A court of last resort is often the only appellate court in a state. B) The small claims court is a court of general jurisdiction in most states. C) Intermediate courts of appeal deal only with cases falling under general jurisdiction. D) Each state has only one trial court of general jurisdiction.
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