Which statement below best describes a profit center?a. The authority to make decisions affecting the major determinants of profit, including the power to choose its markets and sources of supply.b. The authority to make decisions affecting the major determinants of profit, including the power to choose its markets, sources of supply, and significant control over the amount of invested capital.c. The authority to make decisions over the most significant costs of operations, including the power to choose the sources of supply.d. The authority to provide specialized support to other units within the organization.e. The responsibility for combining the raw materials, direct labor, and other factors of production into a final product.

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A: Here is the answer:

Q: What is the relationship between the value chain and management accounting?

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Which of the following is NOT one of the definitions of "Cost" concept? Select one: a. Cost means…

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Q: Managers in which of the following responsibility centers are held responsible forprofits? (You may…

A: C. Profit centers is the answer

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A: Introduction:- A responsibility center is a different segment of an organization and specific task…

Q: Discuss the role of profit plan in implementing strategy.

A: Strategy: It is a plan of action that is framed to achieve the organizational overall goals.

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A: Hi student Since there are multiple questions, we will answer only first question. If you want…

Q: responsibility centers have accountability for revenues

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Q: Differentiate between a profit center and an investment center.

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A: Please see the next step for the answer

Q: return

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A: Because you asked many questions, we will resolve the first one for you. Please mention the question…

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A:

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A:

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A: The Answer:

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A: Financial managers are responsible for the financial health of an organization.