Fill in the Blank QuestionFill in the blank question.A center is evaluated based on control of costs so a performance report is prepared instead of an income statement.

Operating department income statements are used to evaluate the performance of ______ centers.Multiple choice question.profitrevenuecost

Profit centers commonly use _____ to report profit center performance:Multiple choice question.income statementsdepartmental income statementsdivisional income statements

Which report is more effective in evaluating the performance of profit centers?Multiple choice question.Departmental income statementsDepartmental expense allocation spreadsheetsDepartmental contribution to overhead reports

A _____ center manager is evaluated on their success in generating income.Multiple choice question.profit centerinvestment centerasset centercost center

Multiple Choice QuestionOperating department income statements are used to evaluate the performance of ______ centers.Multiple choice question.costrevenueprofit