A good example of a profit center would be
a. a car manufacturer's assembly line.
b. a local Home Depot store.
c. Avis Car Rental's national reservation center.
d. a manufacturer's human resources department.
B
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Operating activities are transactions and events associated with selling a product or providing a service related to
a. the revenues and expenses reported on the income statements. b. the assets and liabilities reported on the balance sheet. c. the net income reported on the statement of retained earnings. d. the retained earnings reported on the balance sheet.
Differentiation often requires a firm to fine-tune its marketing mix to meet the specific needs of its target market(s).
Answer the following statement true (T) or false (F)
Indexes and bibliographies are general business sources of external secondary data that provide brief descriptions of companies, organizations, or individuals
Indicate whether the statement is true or false
The communication stage of accounting is accomplished by
a. storing data. b. reporting to decision makers. c. processing data. d. recording data.