The manager who is responsible for investments of the company, its costs and revenues is known as ______
Correct answer: B. investment center
- A. profit center
- B. investment center
- C. cost center
- D. revenue center
Explanation
An investment center manager is accountable for revenues, costs, and the assets or investments used to generate them. A profit center manager controls revenues and costs but normally not investment decisions.
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About Cost Accounting
Cost accounting measures and analyses the cost of producing goods or providing services for planning, control and pricing decisions. It covers direct and indirect costs, fixed and variable costs, job and process costing, break-even analysis, marginal costing, overhead allocation, and the difference between product cost and period cost.
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