Which of the following responsibility centers may be evaluated on the basis of residual income?

a. investment center
b. revenue center
c. profit center
d. cost center

A

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Jay has a $50,000 life insurance policy with an accidental death benefit that pays triple the face amount. If Jay commits suicide 3 years after purchasing the policy, how much will his beneficiary receive?

A) 50000 B) 150000 C) 0 D) 100000"

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Life cycle funds

A) are designed for people with at least 20 years until retirement. B) require you to decide how to allocate your investment among stocks, bonds, and money market instruments. C) grow less conservative as your retirement date nears. D) try to tailor their holding to the investor's individual age, and risk tolerance.

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