Consider the Following Three Statements

question 189

Multiple Choice

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

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

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Definitions:

Time Period

Refers to a specific duration or interval in which certain events or processes take place.

Net Requirements

The actual amount of materials or resources needed for production, calculated after considering the on-hand inventory and pending orders, to meet the production schedule.

Part B

Often associated with Medicare, Part B refers to medical insurance coverage for certain services and products not covered by Part A.

Gross Material Requirements Plan

A comprehensive schedule that projects the raw materials needed to meet production demands, factoring in inventory levels and supply lead times.