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Which of the following statements regarding profit centers is correct? Multiple Choice 1. A manager of a profit center has more responsibility than a manager

Which of the following statements regarding profit centers is correct? Multiple Choice 1. A manager of a profit center has more responsibility than a manager of an investment center. 2. A manager of profit center is evaluated only on his/her ability to control costs. 3. A manager of a profit center is evaluated on his/her ability to control costs and generate revenues. 4. A manager of a profit center is responsible for assets, liabilities, and earnings.

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