Here are four statements about profit centers:

1. The problem of joint revenue arises when an expense is incurred in one profit center while the income in respect of that expense is recorded in another profit center. This problem is solved through the use of a budget center.

2. Transfer price means an internal price for a product or service between two profit centers in the organization.

The investment center has the highest level of responsibility - from maximum powers and decision-making.

4. In the donation center - the measurement of results does not include the center's share in general corporate expenses.

Which of the above statements is true?

One answer must be chosen:

Only statements 1, 2 and 3.

Only statements 1, 3 and 4.

All the sayings

Only statements 2, 3, and 4.

Only statements 1 and 2.