Question 5 A difference between a Cost Center and a Profit Center is that a: O a) Cost Center is responsible for revenues and expenses. Ob) Cost Center and a Profit Center are both only responsible for the same expenses. Oc) Cost Center is not responsible for expenses. d) Cost Center is not responsible for revenues.
Question 5 A difference between a Cost Center and a Profit Center is that a: O a) Cost Center is responsible for revenues and expenses. Ob) Cost Center and a Profit Center are both only responsible for the same expenses. Oc) Cost Center is not responsible for expenses. d) Cost Center is not responsible for revenues.
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
22nd Edition
ISBN:9781305666160
Author:James A. Heintz, Robert W. Parry
Publisher:James A. Heintz, Robert W. Parry
Chapter25: Departmental Accounting
Section: Chapter Questions
Problem 1MC
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