Which of the following statements is/are correct?
I. A profit center has control over both costs and revenues.
II. An investment center has control over invested funds, but not over costs and revenues.
III. A cost center has no control over sales.
A) Only I.
B) Only II.
C) Only I and III.
D) Only I and II.

Question

Quizplus · Accepted Answer

A profit center controls both costs and revenues. An investment center controls costs, revenues, and invested funds. A cost center does not control sales.

Which of the Following Statements Is/are Correct