Which of the following statements is true? I.   A packaging department is most likely a cost center. II.  In a profit center, the manager is most likely in-charge of investments, revenues and costs. III. The cafeteria in the college is most likely a profit center. IV. A business unit within a business is an example of a revenue center   a. All but II b. I only c. All statements are true d. All but II and III e. I and II only Clear my choice

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Which of the following statements is true?

I.   A packaging department is most likely a cost center.

II.  In a profit center, the manager is most likely in-charge of investments, revenues and costs.

III. The cafeteria in the college is most likely a profit center.

IV. A business unit within a business is an example of a revenue center


 

a.

All but II

b.

I only

c.

All statements are true

d.

All but II and III

e.

I and II only

Clear my choice
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