An Operating Unit That Is Responsible for Revenues Only Is

question 86

Multiple Choice

An operating unit that is responsible for revenues only is commonly referred to as a(n) :

• A) expense center.
• B) revenue center.
• C) profit center.
• D) asset center.

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Definitions:

Stop-payment Order

A request made to a bank by an account holder to not pay a check or payment that has been issued but not yet processed.

Defective

Refers to a flaw or imperfection in a product or service that makes it unsafe or unsuitable for its intended use.

Dishonors

The refusal or inability of a bank to pay a check or draft when presented for payment.

Insufficient Funds

A situation where an account does not have enough money to cover transactions.