An operating unit that is responsible for revenues and costs is commonly referred to as a(n):
A) expense center.
B) revenue center.
C) profit center.
D) asset center.

Name: An operating unit that is responsible for revenues and costs is commonly referred to as a(n): A) expense center. B) revenue center. C) profit center. D) asset center.
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Question

Quizplus · Accepted Answer

A profit center is responsible for both generating revenue and controlling costs, making it accountable for its own profitability.

An Operating Unit That Is Responsible for Revenues and Costs