A cost center
a) is a responsibility center which generates profits and evaluates the investment cost of earning the profit.
b) only incurs costs and does not directly generate revenues.
c) incurs costs and generates revenues.
d) is a responsibility center of a company which incurs losses.
Answer: b) only incurs costs and does not directly generate revenues.
Business
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Which of the following is NOT one of the four basic rights under capitalism?
A) the right to own property B) the right to free choice C) the right to fair pricing D) the right to make and keep profits E) the right to compete
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