Asked by Andrew Cameron on Jul 22, 2024
Verified
The budgetary unit of an organization that is led by a manager who has both the authority over and responsibility for the unit's performance is known as a
A) control center
B) budgetary area
C) responsibility center
D) managerial department
Responsibility Center
A segment of a business, such as a department or division, whose manager is accountable for specific financial activities and performance.
Budgetary Unit
An entity, such as a department or division, for which a budget is prepared and controlled.
Managerial Department
A department within an organization responsible for making management decisions, overseeing operations, and developing strategies.
- Differentiate between various types of budgets within a company's budgeting process.
Verified Answer
Learning Objectives
- Differentiate between various types of budgets within a company's budgeting process.
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