Which of the Following Statements Regarding Profit Centers Is Correct

question 6

Multiple Choice

Which of the following statements regarding profit centers is correct?

• A) A manager of a profit center has more responsibility than a manager of an investment center.
• B) A manager of a profit center is evaluated only on his/her ability to control costs.
• C) A manager of a profit center is evaluated on his/her ability to control costs and generate revenues.
• D) A manager of a profit center is responsible for assets, liabilities, and earnings.

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Definitions:

American Children

Refers to children residing in the United States, encompassing a diverse range of backgrounds, cultures, and experiences.

Antipoverty Programs

Initiatives designed to reduce or eliminate poverty by providing financial assistance and support services to those in need.

Federal Government

The national government of a federal state, which shares sovereignty with its subdivisions and has powers distinct from them.

Poverty Rate

The percentage of the population living below the national poverty line, which measures the minimum level of income considered necessary to achieve an adequate standard of living.