The best measure of the performance of the manager of a profit center is the
a) amount of contribution margin generated by the profit center.
b) success in meeting budgeted goals for controllable costs.
c) amount of controllable margin generated by the profit center.
d) rate of return on investment.
Answer: c) amount of controllable margin generated by the profit center.
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Agency spending regarding appropriations of lump sum amounts not statutorily
restricted are generally considered to be committed to the agency's discretion. a. True b. False
Stock index options can be used for which of the following investment purposes?
I. protect a portfolio from market declines II. speculate on the price appreciation of a particular common stock III. take advantage of a leverage opportunity IV. create a portfolio hedge A) I and IV only B) II and IV only C) I and III only D) I, III and IV only