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:

Command System

An economic system where production and distribution decisions are made by a central authority.

Central Planning

An economic system in which the government or a central authority makes all decisions about the production and distribution of goods and services.

Government

The organization, or system of organizations, governing an organized community, often a state, and responsible for setting and enforcing policy.

Diagram

A graphical representation of information designed to visualize complex data in a clear and understandable way.