Asked by
Roxanne Mitchell
on Nov 13, 2024Verified
Which of the following is not a correct match?
1) Incurs costs
2) Generates revenue
3) Controls investment funds
A) Investment Center 1 2 3
B) Cost Center 1
C) Profit Center 1 2 3
D) All are correct matches.
Investment Center
A division or unit within a company that is responsible for its own revenues, expenses, and assets, and its performance is evaluated on its return on investment.
Generates Revenue
Activities or processes that result in the earning of income for a business through the sale of goods or services.
Incurs Costs
To undergo or suffer expenses during the execution of activities or operations.
- Pinpoint and explicate different classifications of responsibility centers (cost, profit, investment centers) and their distinct characteristics.
Verified Answer
OD
Learning Objectives
- Pinpoint and explicate different classifications of responsibility centers (cost, profit, investment centers) and their distinct characteristics.