Which of the Following Is the Correct Way to Compute

question 460

Multiple Choice

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Definitions:

Cost Center

A division or department within an organization that does not directly contribute to profits but incurs costs, such as customer service or research and development departments.

Profit Center

A division or segment of a company that is directly responsible for generating its own revenue and profits.

Decentralized Operations

A management approach where decision-making processes are distributed among various levels within the organization, rather than being concentrated at the top.

Strategic Planning

Developing long-term actions to achieve a company’s objectives.