A Unit of a Business That Not Only Incurs Costs

question 142

Multiple Choice

A unit of a business that not only incurs costs, but also generates revenues, is called a:

• A) Performance center.
• B) Profit center.
• C) Cost center.
• D) Responsibility center.
• E) Expense center.

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Definitions:

Toxic Substances Control Act

A U.S. law, enacted in 1976, aimed at regulating the introduction of new or already existing chemicals.

Federal Insecticide, Fungicide, and Rodenticide Act

A United States federal law passed in 1947 that provides federal control of pesticide distribution, sale, and use.

Clean Water Act

A U.S. federal law aimed at regulating the discharge of pollutants into the nation's surface waters, including lakes, rivers, streams, and coastal areas.

Federal Government

The national government of a federation, which holds the authority to govern the entire country, distinct from state or local governments within the federation.