The accounting department of a large corporation would be classified as a
A)Cost center.
B)Profit center.
C)Investment center.
D)Segment.

Question

Quizplus · Accepted Answer

The accounting department is primarily responsible for recording and reporting financial transactions of the organization. It does not directly generate revenue or profit for the company, making it a cost center. Cost centers are departments or units within an organization that do not produce revenue but incur costs that are vital to the organization's overall operations.

The Accounting Department of a Large Corporation Would Be Classified