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

Question

Quizplus · Accepted Answer

The financial results mentioned would reflect a profit center, as they include information on revenues and expenses, resulting in a net profit or loss. A revenue center would only report on revenues, an investment center would include information on investments and returns, and a cost center would only report on expenses.

Chardon Had the Following Financial Results for Last Month