Examlex
Which of the following is not a true statement?
Profit Center
A division or segment of a company that is directly responsible for generating its own revenue and profit through its activities.
Cost Center
A department or segment of a business that does not directly generate revenue but incurs costs, focusing instead on controlling expenses.
Cost Center
A department or unit within an organization that does not directly add to profit but still incurs costs, like HR or customer service departments.
Gross Profit
Income from sales or services minus the cost of goods sold; it measures how efficiently a company uses labor and supplies in production.
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