1. Use this information for Mason Division to answer the question that follow.

Mason Division had $650,000 in invested assets, sales of $700,000, income from operations of $99,000, and a minimum acceptable return of 15%.

The residual income for Mason Division is

a.$84,150

b.$1,500

d. $0

2.A manager is responsible for costs but not revenues in a(n)

b.diversified

c.consolidated

d.decentralized