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True or False 1.A profit center is an organizational segment in which the manager is responsible...

True or False

1.A profit center is an organizational segment in which the manager is responsible for costs and revenues, but not investments in assets.

2.Operating assets would include office buildings leased to other companies.

3.Residual income is the portion of income produced by the division that is not related to its daily activities.

4.Although economic value added (EVA) is similar to residual income, adjustments are made to the financial information to better reflect the economic results of the division.

5.The cost-plus approach is the best approach for establishing transfer prices for all companies.

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