The Purpose of the Data Processing Department of Falena Corporation

question 73

Multiple Choice

The purpose of the Data Processing Department of Falena Corporation is to assist the various departments of the corporation with their information needs free of charge.The Data Processing Department would best be evaluated as a:

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

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Definitions:

Opportunity Cost

The cost of foregoing the next best alternative when making a decision, representing the benefits one could have received by taking the alternative action.

Hybrid Cars

Vehicles that use a combination of at least one electric motor alongside a gasoline engine to propel the vehicle, offering improved fuel efficiency.

Motorcycles

Two-wheeled vehicles powered by an engine, often used for transportation or recreation.

Efficient Allocation

The distribution of resources in a way that maximizes the net benefit to society or achieves the best possible outcome based on certain criteria.