A unit or department that incurs costs and generates revenues is known as a:

Name: A unit or department that incurs costs and generates revenues is known as a:
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Question

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A profit center is a unit or department that incurs costs and generates revenues as its primary function. It is responsible for its own financial results and is often evaluated based on its profitability. A cost center only incurs costs, while a revenue center only generates revenues. Option D is also incorrect as there is a correct answer.

A Unit or Department That Incurs Costs and Generates Revenues