ECONOMICS

Detailed explanation-1: -The manager in the investment center is the one responsible for investments, revenues, and costs. So the given statement is false.

Detailed explanation-2: -Investment center. The manager is responsible for costs, revenues, and investment decisions.

Detailed explanation-3: -The manager for a cost center is only responsible for keeping costs in line with the budget and does not bear any responsibility regarding revenue or investment decisions. Cost centers can not simply be eliminated; their role within a company is vital, even if it does not generate any income for the business.

Detailed explanation-4: -A profit center is responsible for both revenues and expenses, which result in profits and losses. A typical profit center is a product line, for which a product manager is responsible.

Detailed explanation-5: -Investment center is an autonomous unit within an organization that is responsible for generating its own revenue as well as controlling the costs and assets used by the segment, whose performance is measured based on how it utilizes the capital employed to contribute to the entity’s profitability.