Which of the Following Is Not a Correct Match

question 186

Multiple Choice

Which of the following is not a correct match?
1) Incurs costs
2) Generates revenue
3) Controls investment funds

• A) Investment Center 1 2 3
• B) Cost Center 1
• C) Profit Center 1 2 3
• D) All are correct matches.

Understand the basic principles of accounting and financial statements.

Calculate changes in owner's capital and understand factors affecting those changes.

Record transactions appropriately in journals and ledgers.

Understand the concept of debits and credits and the double-entry system.

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Definitions:

Socialist Economy

An economic system where the production and distribution of goods and services are regulated by the government, aiming for equal wealth distribution and minimizing economic inequalities.

State Enterprises

Businesses owned and operated by the government aimed at providing services or goods to the public.

Incentives

Motivational tools or rewards designed to encourage specific actions or behaviors by individuals or groups.

Economic Recession

A significant decline in economic activity across the economy, lasting for several months or longer, often visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.