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According to the text:
Responsibility Accounting System
An accounting system that collects, summarizes, and reports financial information related to the responsibilities of individual managers.
Rent Expense
The cost incurred from leasing a property or equipment for business operations, recognized on the income statement.
Square Feet
A measurement of area commonly used in the United States to quantify the size of a space, such as real estate or floor plans.
Profit Center
A division or segment of a company that is responsible for generating its own revenue and profit, distinct from cost centers.
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