Vanessa Grant Is Responsible for Controlling Expenses,but Is Not Responsible

question 110

Multiple Choice

Vanessa Grant is responsible for controlling expenses,but is not responsible for generating revenues.Vanessa Grant is a manager of a(n) :

• A) Cost center.
• B) Profit center.
• C) Investment center.
• D) Liability center.

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Definitions:

Infrastructure Costs

Expenses associated with the basic physical and organizational structures needed for the operation of a society or enterprise, such as roads, telecommunications, and utilities.

Drug Costs

The expenses associated with purchasing medications, which can include the price of the drug itself, pharmacy fees, and related healthcare provider costs.

Hospital Costs

Denotes the expenses associated with operating a hospital, including medical supplies, labor, and administrative costs.

Defined-benefit Plan

A type of pension plan in which an employer promises a specified pension payment upon retirement, based on an employee's earnings history, tenure of service, and age.