An Operating Unit of an Organization Is Called a Profit

question 155

Multiple Choice

An operating unit of an organization is called a profit center if it is responsible:

• A) only for costs.
• B) only for revenues.
• C) for costs and revenues.
• D) for investments in assets.

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Definitions:

Area

The extent or measurement of a surface or piece of land.

Standard Normal Random Variable

A type of random variable with a mean of 0 and a standard deviation of 1, used in Z-tests.

Standard Deviation

A measure of the dispersion or variability of a set of values, indicating how much they deviate from the mean.

Value

The worth, importance, or usefulness of something, often measured in terms of money, utility, or general significance.