Asked by taylor harrington on Apr 27, 2024

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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.
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MS
Magdy SalehApr 29, 2024
Final Answer :
True
Explanation :
This statement is true.