The Research and Development Department is most likely considered to be a(n)
None of these answers are correct
revenue center
profit center
investment center
cost center
Its answer should be definitely cost centercenter.
A cost center is a department within an organization that does not directly add to profit but still costs the organization money to operate. Cost centers only contribute to a company's profitability indirectly, unlike a profit center, which contributes to profitability directly through its actions. Managers of cost centers including human resources and research and development (R&D) are responsible for keeping their costs in line or below budget.
research and development directly involve cost by the business but does not supportsupport or bring profit directly rather after a long period
Get Answers For Free
Most questions answered within 1 hours.