Which of the Following Statements Is(are)correct

question 88

Multiple Choice

Which of the following statements is(are) correct?
I.A profit center has control over both cost and revenue.
II.An investment center has control over invested funds,but not over costs and revenue.
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:

Joint Action

Refers to the collaborative efforts or initiatives taken by groups or entities to achieve a common goal.

Common Resource

A type of good that is non-excludable and rivalrous, meaning it is difficult to prevent anyone from using it, but one person's use diminishes the quantity or quality available to others.

Total Surplus

The total combined benefit to society comprised of consumer and producer surplus in a market.

Cleaning Hours

The measure of time spent on cleaning tasks, either in a personal, domestic setting or by professional cleaning services in various environments.