An amusement park's games department which reports revenues and expenses is likely to be classified as a(n)
A) cost centre.
B) investment centre.
C) profit centre.
D) revenue centre.

Question

Quizplus · Accepted Answer

An amusement park's games department that reports revenues and expenses would be considered a profit center since it has control over both its revenue generation and expenses incurred. A profit center's objective is to generate revenue that exceeds its expenses, resulting in a profit for the company.

An Amusement Park's Games Department Which Reports Revenues and Expenses