A Cost Center Does Not Directly Generate Revenues

question 187

True/False

A cost center does not directly generate revenues.

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Definitions:

Trade Deficit

A situation where a country imports more goods and services than it exports, resulting in a negative balance of trade.

Exports

Goods or services sent from one country to another for sale.

Imports

Merchandise or services that are brought from one nation into another for retail purposes.

Trade Surplus

A situation where the value of a country's exports exceeds the value of its imports, indicating a positive balance of trade.