The Research and Development Department of Apple Computers Would Likely

question 25

Multiple Choice

The research and development department of Apple Computers would likely be organized as:

• A) A profit center.
• B) A cost center.
• C) A revenue center.
• D) An investment center.

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Definitions:

Payroll Register

A detailed document recording the payroll information of all the employees in a company, including wages, deductions, and net pay for each pay period.

Net Pay

The amount of an employee's earnings after all deductions, such as taxes and retirement contributions, have been subtracted.

Promissory Note

A financial instrument that contains a written promise by one party to pay another a definite sum of money either on demand or at a specified future date.

Employer Cost

The total expense incurred by employers to compensate employees, including salaries, benefits, and taxes.