A ______ Is a Division or Department Within the Organization

question 21

Multiple Choice

A ______ is a division or department within the organization that brings in no revenue or profit for the organization.This type of division or department only costs money for the organization to run.

• A) revenue center
• B) business center
• C) cost center
• D) productivity center

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Definitions:

Domestic Stock Exchange

A marketplace within a country where stocks, bonds, and other securities are bought and sold.

National GAAP

The set of accounting standards and principles recognized by a specific country to guide financial reporting and auditing.

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that guide the preparation of financial statements globally.

International Financial Reporting Standards

A set of accounting standards developed by the International Accounting Standards Board (IASB) that is global in scope.