Asked by
Gaurav Gaikwad
on Oct 15, 2024
Verified
A department can never be considered to be a profit center.
Profit Center
A segment or division within a company for which direct revenue and expenses are calculated, often treated as its own business for assessing profitability.
- Acquire knowledge on the contrasting characteristics of cost centers, profit centers, and investment centers.
Verified Answer
DS
Learning Objectives
- Acquire knowledge on the contrasting characteristics of cost centers, profit centers, and investment centers.