A unit of a business that generates revenues and incurs costs is called a:
A. Profit center.
B. Performance center.
C. Expense center.
D. Cost center.
E. Responsibility center.
Answer: A
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Solve the equation for the unknown: 12(5Q + 20) = 480
What will be an ideal response?
Timothy volunteers to take on a heavy research assignment for his group project, even though he likely won’t be able to complete the assignment in time. No one else was willing to take the assignment, and Timothy felt that the needs of the group are far more important than his own needs. What conflict-handling style is Timothy employing?
a. obliging b. dominating c. compromising d. integrating
Answer the following statements true (T) or false (F)
When accounting numbers are used to monitor agency contracts, there can be indirect consequences from changes in accounting policies.
Discounting to win new business is one of the best strategies for firms wishing to develop a loyal customer base
Indicate whether the statement is true or false