A Profit Center Is a Subunit That Has Responsibility for Controlling

question 22

True/False

A profit center is a subunit that has responsibility for controlling costs and revenues and generating a return on assets invested in the subunit.

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Definitions:

Economic Hardship

A state of financial strain that is often caused by unemployment, debt, or high living expenses, affecting an individual's or family's ability to afford basic needs.

Alimony

Financial support that one spouse is legally obligated to provide to the other during or after the dissolution of a marriage.

Physical Custody

A legal term referring to the living arrangements of a child and the rights of a parent or parents to have the child live with them.

Court-ordered Support

Financial or other support mandated by a court for the benefit of a child, spouse, or former spouse following a divorce or separation.