7. Which of the following is not a type of responsibility center? A concentrated cost center B. Investment center C profit center D. cost center 8. A responsibility center in which managers are held accountable for both revenues and expenses is called a A discretionary cost center B revenue center C. cost center D. profit center 9. The amount of income a given division is expected to earn in excess of a firm's minimum return goal is called: A return on investment B. residual income C. allocated costs D. transfer pricing 10. The measure of the percentage of income generated by profits that were invested in capital assets is called: A. return on investment B. residual income C. allocated costs D. transfer pricing 11. Costs that a company or manager can influence are called: A. discretionary costs B. fixed costs C. variable costs D. controllable costs 12. A transfer pricing arrangement that uses the price that would be charged to an external customer is a: A. market-based approach B. negotiated approach C. cost approach D. decentralized approach