The Purpose of the Data Processing Department of Haslam Corporation

question 28

Multiple Choice

The purpose of the Data Processing Department of Haslam Corporation is to assist the various departments of the corporation with their information needs free of charge. The Data Processing Department would best be evaluated as a(n) :

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

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Definitions:

Exoneration

The act of being relieved from a responsibility, obligation, or hardship; often used in legal contexts to denote clearing from guilt or blame.

Artisans Liens

Legal claims granted to artisans or mechanics who have rendered services or provided materials, securing their right to payment.

Statute

A written law passed by a legislative body at the national or local level.

Security Interest

A legal claim or lien on collateral that secures the performance of an obligation, giving the holder a right to the property if the obligation is not met.