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.

Name: 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.
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A profit center is a responsibility center in which the manager is accountable for both the costs and revenues, and has decision-making authority.

A Responsibility Center in Which the Authority Over and Responsibility