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:

Factorial Experiment

An experimental design that allows simultaneous conclusions about two or more factors.

Treatment Combinations

In experimental design, the different sets of conditions applied to experimental units, used to determine the effect of multiple factors on an outcome.

Factor A

A term used in experimental design to represent an independent variable that is manipulated to observe its effect on a dependent variable.

Analysis of Variance

A collection of statistical models and their associated procedures used to analyze the differences among group means.