A unit of a business that generates revenues and incurs costs is called a:

a. Performance center.

b. Profit center.

c. Cost center.

d. Responsibility center.

e. Expense center.

Trendy Teens manufactures fashionable clothing and accessories for the tween and teen female markets. New merchandise with a very different look is rolled out each season and heavily promoted as the "must-have" style in a variety of media.

10. When searching for a job, one should, ...

Which one of the statements is correct about controllable costs? variable costs are controllable and fixed costs are not. a cost is controllable if it is incurred directly in a manager's division or segment.

An insurance policy written after 1988 that fails to pass the seven-pay test is known as

Why are most economies today considered mixed economies?

Assume that total costs assigned to the setup activity cost pool in March are $120,000 and 100 setups were completed in March. Further, assume that during March machines were setup 20 times to make product X5.

The accounting cycle starts with a. closing out the periodic accounts. b. recording the transaction based on the information in a source document. c. preparing the financial statements. d. preparing the adjusting entries.

Ratemakers at ABC Insurance Company calculated the pure premium to be $280 for a risk they were considering insuring. What is the gross rate for this risk, assuming a 30 percent expense ratioA) $364 B) $400 C) $430 D) $520

When plant assets are purchased as a group in a single transaction for a lump-sum price, the cost of the purchase is allocated among the different types of assets acquired based on their relative market values. true or false

What are the security and management issues concerning virtual offices, especially hooked up into large virtual networks?