Question

Identify the type of responsibility center.

1. The 3M Company manufactures and distributes products under the​ Post-it, Scotch,​ Nexcare, and Thinsulate brand names.
2. The J.M. Smucker Company Store and​ Café is located in​ Orrville, Ohio. The store sells a variety of company​ products, while the​ café offers items made with ingredients from the​ Smucker's brands.
3. The Fairmont​ Chicago, The Fairmont Royal York in​ Toronto, and The Fairmont Orchid in Hawaii are all hotels owned by their parent​ corporation, Fairmont Hotels​ & Resorts.

A. Cost
B. Investment
C. Profit
D. Revenue

Answer 1

1. The 3M Company manufactures and distributes products under the​ Post-it, Scotch,​ Nexcare, and Thinsulate brand names. B. Investment

2. The J.M. Smucker Company Store and​ Café is located in​ Orrville, Ohio. The store sells a variety of company​ products, while the​ café offers items made with ingredients from the​ Smucker's brands. C. Profit

3. The Fairmont​ Chicago, The Fairmont Royal York in​ Toronto, and The Fairmont Orchid in Hawaii are all hotels owned by their parent​ corporation, Fairmont Hotels​ & Resorts. A. Cost

Step-by-step explanation:

• An investment is the allocation of the money for some benefits n the future and a benefit form the investment is return and includes the sales of the property like the products and brand names etc.

• Profits are the benefits or the advantages that are earned in buying and spending or profit of something like the sales of the company products etc.

• A cost is an expense that is associated with the group or the individual or the owner of the assets such as to hotels and the corporations.