Asked by taylor harrington on Apr 27, 2024
Verified
A responsibility center in which the authority over and responsibility for costs and revenues is vested in the department manager is termed a profit center.
Profit Center
A branch or division of a business that is responsible for generating its own revenue and profit.
Department Manager
An individual responsible for overseeing the operations, budget, and personnel of a specific department within an organization.
- Distinguish the features and obligations inherent to different kinds of responsibility centers.
Verified Answer
MS
Learning Objectives
- Distinguish the features and obligations inherent to different kinds of responsibility centers.