How do the responsibilities of a manager in an investment center compare to the responsibilities of a cost or profit center?
A)Investment center managers have more authority and responsibility than managers of a cost or profit center.
B)Investment center managers have more authority and responsibility than managers of a cost center but less than managers of a profit center.
C)Investment center managers have about the same authority and responsibility than managers of a cost or profit center.
D)Investment center managers have more authority and responsibility than managers of a profit center but less than managers of a cost center.

Question

Quizplus · Accepted Answer

Managers of an investment center have the most authority and responsibility compared to managers of cost or profit centers. Investment center managers are responsible for not only generating profits but also for managing assets and making investment decisions, which require a higher level of authority and responsibility. In contrast, cost and profit center managers are responsible for managing costs and generating profits within their respective areas, but they do not have the same level of decision-making power as investment center managers.

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