Asked by Johnny Reyes on Jul 20, 2024
Verified
Cost centers profit centers and investment centers can all be classified as responsibility centers.
Responsibility Centers
Responsibility centers refer to segments within an organization for which individual managers are accountable, focusing on revenue, cost, profit, or investment.
- Familiarize oneself with the structure and the classifications of responsibility accounting.
Verified Answer
VR
Veronica RedwayJul 21, 2024
Final Answer :
True
Explanation :
Cost centers, profit centers, and investment centers are all types of responsibility centers, which are organizational units or divisions that are responsible for achieving specific goals and objectives.
Learning Objectives
- Familiarize oneself with the structure and the classifications of responsibility accounting.
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