MCQS (6 points) 1. Identify each responsibility center as a cost center, a revenue center, a profit center, or an investment center (a) Coca-Cola's investor relations website provides operating and financial information to investors and other interested parties is considered a (an) investment (b) A regional manager of a restaurant chain in charge of finding additional locations for expansion is most likely responsible for a(n) investment (c) The McDonald's Division of the Coca-Cola Company is most likely treated as (d) The Pharmacy Department of an Acme supermarket reports income for the current year is considered a (an) revenu (e) The production line at the Ford plant in Michigan, where Ford F-150 trucks are manufactured is considered a (an) (f) The headquarter for an international consulting firm is considered to be a (an) 2. TRUE and FALSE (2 points) a. If a cost is considered controllable, it indicates that all aspects of the cost are under the control of the manager of the responsibility center to which that cost is assigned TRUE FALSE 6. Management by exception is the practice of concentrating on areas not operating as anticipated (such as a cost overrun) and placing less attention on areas operating as anticipated