Which of the following statements is(are)correct?
I.A profit center has control over both cost and revenue.
II.An investment center has control over invested funds,but not over costs and revenue.
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

Which of the following statements is(are)correct? 
I.A profit center has control over both cost and revenue.
II.An investment center has control over invested funds,but not over costs and revenue.
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

Quizplus · Accepted Answer

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

Which of the Following Statements Is(are)correct