What is the difference between a 'cost center' and a 'project' in cost allocation?

What is the difference between a 'cost center' and a 'project' in cost allocation?

• A. A cost center is an organizational unit for accounting; a project is a product or initiative; both map to different dimensions for allocation.
• B. They are the same concept.
• C. A cost center refers to a customer division; a project refers to a department.
• D. Cost center handles user access; project handles data storage.

Answer: (A)