Consider the following three statements: I a profit centre has control over both costs and revenues.
II an investment centre has control over invested funds,but not over costs and revenues.
III a cost centre has no control over sales.
Which statement(s)is/are correct?

Question

Quizplus · Accepted Answer

Statement I is correct because a profit centre is responsible for both costs and revenues. Statement III is correct because a cost centre focuses on controlling costs and does not have control over sales. Statement II is incorrect because an investment centre has control over costs, revenues, and invested funds.

Consider the Following Three Statements: I a Profit Centre Has