An Organizational Segment That Is Responsible for Costs and Revenues

question 6

Multiple Choice

An organizational segment that is responsible for costs and revenues is known as:

• A)a financing center.
• B)a profit center.
• C)a cost center.
• D)an investment center.
• E)None of the answer choices is correct.

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Definitions:

Business Venture

An entrepreneurial enterprise or company initiated by an individual or a group of people to seek profit by providing products or services.

Executive Summary

A condensed version of a document, report, or proposal that highlights its main points, intended to give readers a quick overview of its content.

Intangibles

Non-physical assets such as intellectual property, brands, or goodwill that have value for an organization.

Joint Ventures

A strategic alliance where two or more parties come together to undertake a specific business project or activity while sharing risks and rewards.