A Unit or Department That Incurs Costs and Generates Revenues

question 103

Multiple Choice

A unit or department that incurs costs and generates revenues is known as a:

• A)cost center
• B)profit center
• C)revenue center
• D)None of these answers is correct.

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Definitions:

Social Relevance

The significance or importance of a particular topic, issue, or area of study in relation to society and its well-being.

Reframing Organizations

The process of viewing and understanding organizational challenges and structures from multiple perspectives or frames, such as human resources, political, structural, and symbolic.

Systems Concepts

Ideas and principles that relate to understanding and designing complex systems involving various interrelated components.

Hierarchical Relationships

The organization of individuals or entities in a graded system where each level has authority over the one below.