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121 managers of what type of decentralized units have authority and responsibility f 4297176

 

121. Managers of what type of decentralized units have authority and responsibility for revenues, costs, and assets invested in the unit? 
A. Profit center
B. Investment center
C. Production center
D. Cost center

122. A responsibility center in which the department manager is responsible for costs, revenues, and assets for a department is called: 
A. a cost center
B. a profit center
C. an operating center
D. an investment center

123. In an investment center, the manager has the responsibility for and the authority to make decisions that affect: 
A. the assets invested in the center, but not costs and revenues
B. costs and assets invested in the center, but not revenues
C. both costs and revenues for the department or division
D. not only costs and revenues, but also assets invested in the center

124. In an investment center, the manager has responsibility and authority for making decisions that affect: 
A. costs
B. revenues
C. assets
D. costs, revenues, and assets

125. The profit margin is the: 
A. ratio of income from operations to sales
B. ratio of income from operations to invested assets
C. ratio of assets to liabilities
D. ratio of sales to invested assets

126. The investment turnover is the: 
A. ratio of income from operations to sales
B. ratio of income from operations to invested assets
C. ratio of assets to liabilities
D. ratio of sales to invested assets

127. Identify the formula for the rate of return on investment. 
A. Invested Assets/Income From Operations
B. Sales/Invested Assets
C. Income From Operations/Sales
D. Income From Operations/Invested Assets

128. Which of the following expressions is termed the profit margin factor as used in determining the rate of return on investment? 
A. Sales/Income From Operations
B. Income From Operations/Sales
C. Invested Assets/Sales
D. Sales/Invested Assets

129. Which of the following expressions is termed the investment turnover factor as used in determining the rate of return on investment? 
A. Invested Assets/Sales
B. Income From Operations/Invested Assets
C. Income From Operations/Sales
D. Sales/Invested Assets

130. The profit margin for Division E is 28% and the investment turnover is 2.8. What is the rate of return on investment for Division E? 
A. 20%
B. 28%
C. 14%
D. 78.4%

 

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