ACCT 526 PRACTICE ASSESSMENT 2026
COMPLETE SOLVED QUESTIONS AND
MODEL RESPONSES
◉ the innovation, operations, and post-sales service processes.
Answer: process value chain
◉ part of an organization in which the manager is responsible for
both sales and costs.
Answer: profit center
◉ the difference between income and the minimum dollar return
required on a company's operating assets.
Answer: residual income
◉ segment of a business in which a manager is accountable for a
specific set of activities.
Answer: responsibility center
◉ the profit (earnings) per dollar of investment.
Answer: return on investment
, ◉ part of an organization in which the manager is responsible only
for sales.
Answer: revenue center
◉ choosing the market and customer segments the business unit
intends to serve, and identifying the critical internal and business
processes that the unit must excel at to deliver the value
propositions to customers in the targeted market segments.
Answer: strategy
◉ a set of linked objectives aimed at an overall goal.
Answer: testable strategy
◉ price charged for a component or service by the selling division to
the buying division of the same company.
Answer: transfer price
◉ sales divided by average operating assets.
Answer: turnover
◉ number of units of output that can be produced in a given period
of time.
Answer: velocity
COMPLETE SOLVED QUESTIONS AND
MODEL RESPONSES
◉ the innovation, operations, and post-sales service processes.
Answer: process value chain
◉ part of an organization in which the manager is responsible for
both sales and costs.
Answer: profit center
◉ the difference between income and the minimum dollar return
required on a company's operating assets.
Answer: residual income
◉ segment of a business in which a manager is accountable for a
specific set of activities.
Answer: responsibility center
◉ the profit (earnings) per dollar of investment.
Answer: return on investment
, ◉ part of an organization in which the manager is responsible only
for sales.
Answer: revenue center
◉ choosing the market and customer segments the business unit
intends to serve, and identifying the critical internal and business
processes that the unit must excel at to deliver the value
propositions to customers in the targeted market segments.
Answer: strategy
◉ a set of linked objectives aimed at an overall goal.
Answer: testable strategy
◉ price charged for a component or service by the selling division to
the buying division of the same company.
Answer: transfer price
◉ sales divided by average operating assets.
Answer: turnover
◉ number of units of output that can be produced in a given period
of time.
Answer: velocity
