The Type of Department That Generates Revenues and Incurs Costs,and

question 5

Multiple Choice

The type of department that generates revenues and incurs costs,and its manager is responsible for the investments made in operating assets is called a(n) :

• A)Profit center
• B)Cost center
• C)Service department
• D)Investment center
• E)Responsibility center

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Definitions:

Financial Analyst

A professional who performs financial analysis for external or internal clients as a core part of the job.

Maintain Relationship

The continuous effort to keep interpersonal connections strong and healthy.

Work Ethic

A set of values based on the virtues of hard work, responsibility, and perseverance, often leading to higher productivity and personal satisfaction.

Free-floating Problems

Issues or concerns that are not directly tied to specific situations or contexts, often making them more difficult to address or solve.