What Are Departments Called That Resemble Separate Businesses in That

question 82

Multiple Choice

What are departments called that resemble separate businesses in that they produce and market their own products?

• A) Regions
• B) Divisions
• C) Function centers
• D) Cost centers
• E) Work hubs

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Definitions:

Retail Inventory Method

The retail inventory method is an accounting technique used by retailers to estimate their inventory's ending balance/cost based on the relationship between the cost of merchandise and its retail price.