Question

1. Investment Centers are responsible for generating revenue and controlling costs.

Select one:

True

False

2. A Profit Centers are responsible for generating revenue and holding down costs.

Select one:

True

False

Answer 1

1 true

Investment centres are responsible for revenue, cost and investment. A investment center manager is responsible for generating revenue and managing cost .

2 true

A profit centres are response for generating revenue and controlling cost . But the profit center is not responsible for investment.

Classification and responsibility

1 Cost centers

Cost centre is responsible for cost only .

2 revenue centers

Revenue centres are responsible for revenue only .

3 profit centers

Profit centers are responsible for both the revenue and cost.

4 investment centre

Investment centers are responsible for revenue, cost and investment.

The above are the detailed explanation