Which of the following BEST describes a business unit where the manager is responsible for both controlling costs and generating sales revenue?

Question

Quizplus · Accepted Answer

A profit center is a business unit where the manager is responsible for both controlling costs and generating sales revenue. The performance of a profit center is evaluated based on both its ability to generate revenue and its ability to control costs and maximize profits. Investment centers are business units that are responsible for generating a return on investment, while revenue centers are responsible only for generating sales revenue. The choice of "Center" is too broad and does not provide specific information about the manager's responsibilities.

Which of the Following BEST Describes a Business Unit Where