Asked by Michael O’gilvie Jr on May 18, 2024
Verified
A responsibility center in which the department manager is responsible for costs, revenues, and assets for a department is called a (n)
A) cost center
B) profit center
C) operating center
D) investment center
Investment Center
A business segment or unit within an organization that is responsible for its own revenues, expenses, and investments.
Department Manager
An individual responsible for overseeing the operations, budget, and personnel of a specific department within a company.
Revenues
The total income generated by a company from its business activities, such as the sale of goods or provision of services, before any expenses are deducted.
- Distinguish between cost centers, profit centers, and investment centers in organizational structures.
Verified Answer
Learning Objectives
- Distinguish between cost centers, profit centers, and investment centers in organizational structures.
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