What Organizational Unit Within an Enterprise Does NOT Directly Generate

question 20

Multiple Choice

What organizational unit within an enterprise does NOT directly generate revenue?

• A)the cost centre
• B)the responsibility centre
• C)the nonprofit centre
• D)the non-cash centre

Understand the enforceability of agreements within the American legal system.

Recognize the distinction between illegal, unenforceable, and legally viable agreements.

Identify circumstances under which certain restrictive covenants, like non-compete clauses, are enforced by courts.

Grasp the concept of usury and how interest rates are regulated at the state level.

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Definitions:

Average Payables Period

A financial metric that calculates the average number of days it takes a company to pay its vendors and suppliers.

Account Payables

Accounts payable refers to short-term financial obligations or debts a company owes to its suppliers or creditors for goods and services received.

Annual Cost

The total expenses incurred by a company or individual in one year.

Market/Book Ratio

A financial ratio comparing a company's market value to its book value, indicating how highly the market values the company.