A unit or department that incurs costs but does not generate revenues is known as a:
A) cost center
B) profit center
C) revenue center
D) None of these answers is correct.
Answer: A
Business
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All of the following statements about lease accounting under IFRS are true except:
A. the IFRS leasing standard is IAS 17, first issued in 1982. B. IFRS is more general in its lease accounting provisions than is U.S. GAAP. C. the IFRS leasing standard, IAS 17, is the subject of only three interpretations. D. IFRS requires a year-by-year breakout of payments related to leasing arrangements
Business
Providing a retail store's location and operating hours to the public in an advertisement is an example of ad designed to meet the advertising goal to:
A) build brand image B) persuade C) encourage action D) inform
Business