Question

The manager of a cost center is responsible for generating revenue and managing costs. True False

The manager of a cost center is responsible for generating revenue and managing costs.

True False

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
1. Investment Centers are responsible for generating revenue and controlling costs. Select one: True False 2....
1. Investment Centers are responsible for generating revenue and controlling costs. Select one: True False 2. A Profit Centers are responsible for generating revenue and holding down costs. Select one: True False
A responsibility center in which the department manager is responsible for costs, revenues, and assets for...
A responsibility center in which the department manager is responsible for costs, revenues, and assets for a department is called a.a profit center b.an investment center c.a cost center d.an operating center
A cost center is a unit of business that incurs cost without directly generating revenue. All...
A cost center is a unit of business that incurs cost without directly generating revenue. All of the following are considered cost center except
Q* occurs where marginal revenue is equal to marginal cost. True or False The loss-minimizing level...
Q* occurs where marginal revenue is equal to marginal cost. True or False The loss-minimizing level of output occurs where the slope of the total revenue is equal to the slope of the total cost. True or False The break-even level of output occurs where marginal profit is equal to zero. True or False Q* occurs where marginal profit is maximized. True or False The break even quantity occurs where marginal revenue is equal to marginal cost. True or False...
Which of the following statements is false? 1) A residual income of zero is acceptable. 2)...
Which of the following statements is false? 1) A residual income of zero is acceptable. 2) A positive residual income is acceptable. 3) A negative residual income is unacceptable. 4) The last budget prepared is the cash budget. 5) The first budget prepared is the sales budget. The manager of an investment center is: 1) Responsible for controlling costs only. 2) Responsible for control costs and generating revenues only. 3) Responsible for controlling costs, generating revenues and investing in operating...
1.) Stealing would be an example of agency costs but shirking would not. True or False...
1.) Stealing would be an example of agency costs but shirking would not. True or False 2.) Anne is the manager of a call center and has 5 supervisors directly reporting to her. She reports to the VP of Marketing. Because Anne is an employee she would be considered an agent but not a principal according to Agency Theory. True or False
True or False Accounting Exercise 1- Costs that can be traced to a cost object in...
True or False Accounting Exercise 1- Costs that can be traced to a cost object in a cost-effective way are called direct costs: TRUE or FALSE 2- In order to perform cost-volume-profit analysis, a company must be able to identify its variable and fixed costs. TRUE or FALSE 3- Traditional cost systems usually allocate overhead to products on the basis of direct labor. TRUE or FALSE 4- Unless there are other factors to be considered, an investment opportunity with a...
True or false 1. With variable costs, the cost per unit varies with changes in volume....
True or false 1. With variable costs, the cost per unit varies with changes in volume. 2. As volume increases, total fixed costs remain the same. 3. Contribution margin is total revenue less variable costs. 4. Sunk costs have already been incurred and cannot be changed by future actions. 5. An opportunity cost is a relevant cost when making a business decision.
1) Greg Fletcher, the materials manager at Easy Furniture Inc., is responsible for managing the inventory...
1) Greg Fletcher, the materials manager at Easy Furniture Inc., is responsible for managing the inventory of writing desks. Greg isn't talkative about his inventory, but you have managed to extract the following information from him: It costs $35 to place an order. Each writing desk costs $31.33. Annual per unit holding cost is 30%of item value. Average daily demand is 100 writing desks. Standard deviation of demand during lead time is 51.96. Lead time to receive a writing desk...
True or False? The probability of generating heterozygous offspring is always equal to 0.5 if a...
True or False? The probability of generating heterozygous offspring is always equal to 0.5 if a heterozygous individual mates randomly within the population under HWE (Hardy-Weinberg Equilibrium).
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT