Asked by Daylanie Flores on Jul 05, 2024
Verified
Investment center managers are usually evaluated using performance measures
A) that combine income and assets.
B) that combine income and capital.
C) based on assets only.
D) based on income only.
E) that combine assets and capital.
Investment Center Managers
Executives responsible for a business unit or division's operations and financial results, including revenue, expenses, and invested capital.
Performance Measures
Metrics used to assess and track the efficiency, effectiveness, and productivity of an organization or its employees.
Income and Capital
Refers to the two primary ways wealth is generated: income through earnings like wages and investments, and capital through appreciating assets like real estate or stocks.
- Comprehend the fundamentals of responsibility accounting within organizational frameworks.
- Evaluate the efficacy of managerial actions based on data related to costs they can influence, within the scope of responsibility accounting.
Verified Answer
Learning Objectives
- Comprehend the fundamentals of responsibility accounting within organizational frameworks.
- Evaluate the efficacy of managerial actions based on data related to costs they can influence, within the scope of responsibility accounting.
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