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What is difference between a cost center and a profit center

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Reference no: EM13903257

1. Review the meaning of the concepts or terms listed in Key Terms and Concepts.

2. What is the difference between a cost center and a profit center?

3. What is the difference between a profit center and an investment center?

4. Why is it difficult to assess the effectiveness of discretionary cost centers?

Reference no: EM13903257

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