The responsibility center in which the manager has responsibility and authority over revenues,costs,and assets is the:
A)cost center.
B)investment center.
C)profit center.
D)revenue center.

Question

Quizplus · Accepted Answer

An investment center is a type of responsibility center in which the manager has control and decision-making authority over costs, revenues, and investments in assets. This encompasses a broader scope of responsibility compared to cost centers (focus on minimizing costs), profit centers (focus on generating profits without direct concern for asset investments), and revenue centers (focus on generating sales or revenue).

The Responsibility Center in Which the Manager Has Responsibility and Authority