Accounting · Management Accounting
Evaluate the correctness of the following statements regarding responsibility centers: 1. A manager of a profit center is responsible for both sales and costs in a part of an organization. 2. Return on capital employed (ROCE) is a suitable performance measure for both profit and investment centers. 3. Cost centers are found in manufacturing organizations but not in service organizations.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11-True, 2-False, 3-False✓
- 21-True, 2-True, 3-False
- 31-True, 2-False, 3-True
- 41-False, 2-True, 3-False
Correct answer
1-True, 2-False, 3-False
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