A Good Example of a Profit Center Would Be

question 74

Multiple Choice

A good example of a profit center would be

• A)a car manufacturer's assembly line.
• B)a local Home Depot store.
• C)Avis Car Rental's national reservation center.
• D)a manufacturer's human resources department.

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Definitions:

Financial Statement

A formal record of the financial activities and position of a business, person, or other entity, typically including balance sheet, income statement, and cash flow statement.

Generally Accepted Accounting Principles

The standard framework of guidelines for financial accounting used in any given jurisdiction; commonly abbreviated as GAAP.

Good Faith

A sincere intention to be fair, open, and honest, regardless of the outcome of the interaction.

Incorrect Judgment

A decision or conclusion that is wrong due to error in reasoning, understanding, or perception.