Which of the Following Statements Is True in Regards to a Profit

question 24

Multiple Choice

Which of the following statements is true in regards to a profit center?

• A)A profit center incurs costs.
• B)A profit center does generate revenues
• C)A profit center generates revenue
• D)Both A and C

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Definitions:

Americans

Refers to the citizens or inhabitants of the United States of America.

Benefits

Forms of compensation provided to employees in addition to their base salary, which may include health insurance, retirement contributions, and paid time off, among others.

Free-Rider Problem

A scenario wherein some individuals benefit from resources or services without contributing to the cost or effort involved in providing them, leading to potential under-provision of those goods.

Interest Groups

Organizations formed by individuals united by a common political, economic, or social goal that try to influence public policy and government actions.