Please differentiate between centralized and decentralized operations.
The three types of responsibility centers are cost centers, profit centers, and investment centers. Please define these responsibility centers. Also, please consider an everyday item in your home and the manufacturing company that made that item. Please describe a cost center, profit center, and investment center that the manufacturing company that made your item might use.
Responses to Instructor:
Please check your thread for questions or comments from me and be sure to provide a comprehensive response, as requested.
Responses to Classmates:
When responding to classmates this week, please explain a major shortcoming of using income from operations as a performance measure for investment centers.