1. Describe a cost center, profit center and investment center. Which do you think is the most important to monitor and why?
2. If you were the Chief Executive Officer of a multi-branch or multi-departmental company, your company may have cost centers, profit centers, and investment centers. What kind of reports and data would be most important for you to review and analyze on a daily, weekly, and monthly basis, and why? Which center is the most important to you, from a managerial standpoint?

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Answer to part a Cost Center a price center could be a business unit that incurs expenses or prices however does not generate any revenue Profit Cente... View the full answer