[Solved] A profit centre is a centre ___________.

McqMate

Q.	A profit centre is a centre ___________.
A.	Where the manager has the responsibility of generating and maximising profits
B.	Which is concerned with earning an adequate Return on Investment
C.	Both (a) and (b)
D.	Which manages cost
Answer» A. Where the manager has the responsibility of generating and maximising profits

2.3k

0

Do you find this helpful?

14

View all MCQs in

Management Accounting

Discussion

No comments yet

Related MCQs

Which of the following is/are the responsibilty centres. I)Cost centre II)Investment Centre III)Profit center IV)Revenue Centre
If sales is Rs 5,00,000 & net profit is Rs 1,20,000 Net profit ratio is
A firm has Capital of Rs. 10,00,000; Sales of Rs. 5,00,000; Gross Profit of Rs. 2,00,000 and Expenses of Rs.1,00,000. What is the Net Profit Ratio?
If sales is Rs 5, 00,000 and net profit is Rs 1, 20,000 Net Profit ratio is
Which items are added in Current year profit to get Net profit before tax. I)Interim dividend II)Provision for tax III)Refund of tax IV)Transfer to reserves
Given Sales is Rs.2,40,000 and Gross Profit is 60,000, the Gross Profit Ratio is
A firm has Capital of Rs. 10,00,000; Sales of Rs. 5,00,000; Gross Profit of Rs. 2,00,000 and Expenses of Rs. 1,00,000. What is the Net Profit Ratio?
In profit center revenue represents a monetary measure of output emanating from a profit center in a given period irrespective whether
What will be the Gross Profit if , total sales is Rs 2,60,000,cost of net goods sold is Rs 2,00,000 & sales return is Rs10,000 ?
Profit for the objective of calculating a ratio may be taken as