Examlex
Which two strategies involve the same basic processes?
Cost Center
A department or unit within an organization that does not directly add to profit but still incurs costs, such as HR or IT department.
Service Departments
Units within a company that provide support services to other departments but do not directly generate revenue.
Operating Departments
Divisions or units within an organization directly involved in its core business activities, responsible for producing the goods or services it offers.
Income Statements
Reports that detail the revenue, expenses, and profitability of a company over a defined accounting period, showing its financial performance.
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