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NEW QUESTION: 1
Which of the following statements best explains why a corporate treasury department should be established as a cost centre rather than a profit centre?
A. The Treasurer should not have a great deal of responsibility.
B. The Treasurer has the ability to manipulate the Department's reported profit.
C. There is no way for the Treasury Department to generate revenue.
D. The Treasury Department should not be encouraged to speculate.
Answer: D