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What is a cost center

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Reference no: EM132530337

Question 1: What is a cost center?

Option A. A responsibility unit where employees control revenue and costs of the products or services they deliver. This allows the organization to ensure costs do not increase needlessly.

Option B. A responsibility unit whose members control revenue by ignoring the manufacturing and acquisition cost of the product they sell or the investment level.

Option C. A responsibility unit that is based on its ability to control the profits of the products or services they deliver. Revenue and investment levels are controlled through this manner.

Option D. A responsibility unit that is evaluated based on its ability to control costs relative to some standard. Revenues or investment levels are not controlled.

Reference no: EM132530337

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