8. Responsibility Accounting: a. What is a cost center?

8. Responsibility Accounting: 

a. What is a cost center? Give an example of a cost center __________________________________________________________________________________________________________________________________________________________________________

b. What is a Profit center? Give an example of a profit center __________________________________________________________________________________________________________________________________________________________________________ 

c. What is an investment center? Give an example of an investment center __________________________________________________________________________________________________________________________________________________________________________ 

d. What is management by exception: __________________________________________________________________________________________________________________________________________________________________________