Survey of Accounting (Accounting I)
Solutions
Survey of Accounting (Accounting I)
What is the major shortcoming of using operating income as a performance measure for investment centers?
Concept Introduction:
Cost center:
Cost center incurs costs and does not generate the revenue directlyInvestment Center:
Investment center takes care of revenue, cost and investment
Profit Center:
Profit center generate revenue and incur expenses
To Indicate:
The major shortcoming of using operating income as a performance measure for investment center
Major shortcomings of using operating income as a performance measure are explained as follows:
1. Ignorance of unit level cost: The operating income shows the business le...
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