Which of the Following Statements Is/are Correct

question 87

Multiple Choice

Which of the following statements is/are correct?
I. A profit center has control over both costs and revenues.
II. An investment center has control over invested funds, but not over costs and revenues.
III. A cost center has no control over sales.

• A) Only I.
• B) Only II.
• C) Only I and III.
• D) Only I and II.

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Definitions:

Grievance Procedure

An established process that allows employees to report and address complaints or concerns regarding their work environment or treatment at work.

Secret-Ballot Election

A voting method where voters' choices are confidential, ensuring privacy and reducing the chance of coercion, commonly used in union representation elections among others.

NLRB

The governmental body responsible for enforcing U.S. labor laws in relation to collective bargaining and unfair labor practices, facilitating equitable labor relations.

Union Membership

Being a part of an organization that represents workers' interests in negotiations with employers over issues like wages, benefits, and working conditions.