Any part of an organization whose manager has control over and is accountable for cost, profit, or investments is a(n) center. (Enter only one word per blank.)

The accounting department of a manufacturing company is a(n):Multiple choice question.profit centerasset centercost centerinvestment center

A department that incurs costs, generates revenues, and is responsible for effectively using department assets is considered a(n):Multiple choice question.profit centerasset centerinvestment centercost center

A department that incurs costs without generating revenues is considered a(n):Multiple choice question.cost centerasset centerprofit centerinvestment center

DISCUSS the different cost centres that on organization can have.

Business units that have significant control over revenues generated and costs incurred can be best set up as: Group of answer choicesprofit centersrevenue centersinvestment centerscost centers