Which of the Following Three Statements Are Correct

question 90

Multiple Choice

Which of the following three statements 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:

Mass Service

A service concept characterized by high service volume and process standardization, catering to a large market with minimal customization.

Hybrid Costing

A costing system that combines elements of both job costing and process costing, applicable in manufacturing environments producing similar products in batches.

Front Office

The part of a business where customer interaction and the administrative work of a business are conducted.

Equipment Input

The machinery and tools used in the production or service process.