chapter 11 part i

Question 1

Any part or activity of an organization about which a manager seeks cost, revenue, or profit data is referred to as a ___________.

Answer 1

segment

Question 2

An individual store, a sales territory, a service center are some examples of _________.

Answer 2

segments

Question 3

What aren’t one of the three types of business segments?

A) Cost center
B) Profit center
C) Inventory center
D) Investment center

Answer 3

C) Inventory center

Question 4

a ______ segment whose manager has control over costs, but not over revenues or investment funds. (EX: department in process costing)

Answer 4

cost center

Question 5

an __________ segment whose manager has control over costs, revenues, and investments in operating assets.

Answer 5

investment center

Question 6

a __________segment whose manager has control over both costs and revenues, but no control over investment funds. (EX: neighborhood Walmart store)

Answer 6

profit center