Corbin Company had the following financial results for last month. What type of responsibility center do these financial results reflect?
A)Revenue center
B)Investment center
C)Profit center
D)Cost

Question

Corbin Company had the following financial results for last month. What type of responsibility center do these financial results reflect? 
A)Revenue center 
B)Investment center 
C)Profit center 
D)Cost

Quizplus · Accepted Answer

The financial results include both revenue and cost information, indicating that the center is responsible for generating profits. Profit centers are responsible for both generating revenue and controlling costs to achieve profitability.

Corbin Company Had the Following Financial Results for Last Month