Preferred shareholders have the right to receive dividends before common shareholders but do not control who the directors of the corporation will be

The responsibility report of Keith Parker, the manager of one of the divisions of an auto parts manufacturing company, includes profits as well as return on investment and residual income. Keith is most likely the manager of a(n) ________

A) investment center B) profit center C) cost center D) revenue center

Direct costs and indirect costs can be easily traced directly to a cost object

Indicate whether the statement is true or false