A Cost Center

question 61

Multiple Choice

A cost center

• A) only incurs costs and does not directly generate revenues.
• B) incurs costs and generates revenues.
• C) is a responsibility center of a company which incurs losses.
• D) is a responsibility center which generates profits and evaluates the investment cost of earning the profit.

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Definitions:

Innovation And Vision

The ability to introduce new ideas, products, or methods, combined with a clear and inspiring direction for the future.

Vision And Prescient

Pertains to the ability to envision future trends, developments, or occurrences, often based on insightful analysis or foresight.

Prescient And Creativity

The combination of foresight in anticipating future needs or trends and the capacity to invent innovative solutions or ideas.

Innovation

The act of introducing something new or different, often in the form of ideas, products, or methods.