A cost center incurs costs and generates revenues and cost center managers are evaluated on the profitability of their centers.

Name: A cost center incurs costs and generates revenues and cost center managers are evaluated on the profitability of their centers.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A cost center is responsible for incurring costs but does not generate revenues. Therefore, cost center managers are not evaluated on profitability, but rather on their ability to manage and control costs within their center.

A Cost Center Incurs Costs and Generates Revenues and Cost