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

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

Quizplus · Accepted Answer

A cost center is an operating unit where the manager is responsible only for controlling costs, not for generating revenue or profits.

An Operating Unit That Is Responsible for Only Costs Is