on 22 Which of the following correctly describes a profit center? - red d out of Select one: a. A business segment whose manager has control over investments b. None of the above g question C. A business segment whose manager has control over costs but not revenue. d. A business segment whose manager has control over both cost and revenue, ton 23 The auditor noticed that the financial statements of XYZ Company were missing some footnotes important for users for decision making. This action of management is a violation of et -red ed out of 9 question Select one: a. Going concern concept bi Full disclosure concept 3. Cost benefit concept d. Materiality concept ion 24 When there is a welldefined relation between inputs and outputs in the production process the organizational subunit is called cost center. ered ed out of Select one O True False og