Investment centers differ from profit centers in that they
A) are responsible for net income only.
B) are able to invest in assets.
C) have less responsibilities than cost centers and profit centers.
D) are only responsible for revenues.
B
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What factors are likely to drive a firm's outlays for new capital (such as plant, property, and equipment) and for working capital (such as receivables and inventory)? What ratios would you use to help generate forecasts of these outlays?
In a flexible budget, what will happen to fixed costs as the activity level increases?
A. The fixed cost per unit will increase. B. The fixed cost per unit will decrease. C. The fixed cost per unit will remain unchanged. D. Fixed costs are not included in a flexible budget.
The U. S. government's fiscal year begins on July 1 and ends on June 30
Indicate whether the statement is true or false.
Which of the following control plans is an account used solely for payroll purposes and funds are transferred into the account to cover payroll checks to be issued?
A. approve attendance time data and job time data B. use payroll clearing account C. independent paycheck distribution D. imprest payroll bank account