Which of the Following Is FALSE Concerning Profit Centres and Cost

question 41

Multiple Choice

Which of the following is FALSE concerning profit centres and cost centres?

• A) A profit centre can exist within a decentralized organization.
• B) A cost centre can exist within a centralized organization.
• C) A cost centre can exist within a decentralized organization.
• D) If a profit centre exists within a centralized organization, there cannot be any cost centres in the organization.

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Definitions:

Social Responsibility

The idea that businesses should balance profit-making activities with activities that benefit society; it involves developing businesses with a positive relationship to the society in which they operate.

Profits

The financial gains obtained after subtracting the costs and expenses from the total revenue generated by a business or investment.

Ethic Of Care

A moral theory emphasizing the importance of interpersonal relationships and compassion in ethical decision-making.

Human Relationships

The complex interactions and connections between individuals in various social, professional, or familial settings.