ch 9 Flashcards

1
Q

cost center

A

manager is only responsible for expenses within his or her own cost center
expense focus only. comparisons are made between actual expenses and budgeted expenses

accounting- a cost needed but does not make money

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

revenue center

A

manager is primarily focused on increasing revenues. could be responsible for the costs of their own sales operations. sales department

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

profit centers

A

managers are accountable for both revenues and expenses within their center
walmart

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

investment center

A

managers are in charge of investments

finance

How well did you know this?
1
Not at all
2
3
4
5
Perfectly