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  • Mcs m-2 Que

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    Vaani Dadwani
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    A profit center is an organizational unit responsible for both revenue generation and cost control, with performance measured using various profitability metrics. Responsibility centers are units accountable for specific functions or costs. Establishing organizational units as profit centers can improve decision quality and speed by giving managers ownership over revenues and expenses. Major types of expense centers include production, marketing, and general administration centers responsible for specific operating costs.

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    A profit center is an organizational unit responsible for both revenue generation and cost control, with performance measured using various profitability metrics. Responsibility centers are units accountable for specific functions or costs. Establishing organizational units as profit centers can improve decision quality and speed by giving managers ownership over revenues and expenses. Major types of expense centers include production, marketing, and general administration centers responsible for specific operating costs.

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    4 views1 page

    Mcs m-2 Que

    Uploaded by

    Vaani Dadwani
    A profit center is an organizational unit responsible for both revenue generation and cost control, with performance measured using various profitability metrics. Responsibility centers are units accountable for specific functions or costs. Establishing organizational units as profit centers can improve decision quality and speed by giving managers ownership over revenues and expenses. Major types of expense centers include production, marketing, and general administration centers responsible for specific operating costs.

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    of 1

    1) Explain profit center as responsibility center and discuss various measures of profit.

    2) What do you mean by responsibility center and Discuss the various responsibility center

    3) Establishing organization units as profit center improves the


    quality of decisions as well as speed of operating decisions
    can be increased Discuss the Merits of Profit center in light
    of this statement.

    4) Discuss the major types of Expense centers


    in detail

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