A segment of an organisation whose manager is responsible for both revenues and costs is known as ____________.

Cost center

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Profit center

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Investment center

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Revenue center

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Solution

The correct option is C Profit center
A profit center is that segment of an organisation which is responsible for the revenue and cost conduct of the business. The manager of this segment compares the actual revenue and cost with the planned revenue and cost of the business to take corrective measures in case of any deviations

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