A company may have several cost centers, but it can have only one profit center.
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Q5: Cost centers do not directly earn revenue.
Q6: Decisions to retain, eliminate, expand or contract
Q7: Responsibility accounting provides detailed data for each
Q8: In departmental accounting, any costs and expenses
Q9: When a business is organized into separate
Q11: For accounting purposes, both revenue and cost
Q12: A business segment or department with a
Q13: Income from operations provides a better measure
Q14: Some indirect costs may be allocated to
Q15: Contribution margin figures are provided in traditional
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