A responsibility center whose manager is held accountable for both revenues and costs and for the resulting operating income is called a profit center.

Name: A responsibility center whose manager is held accountable for both revenues and costs and for the resulting operating income is called a profit center.
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Question

Quizplus · Accepted Answer

A profit center is a responsibility center whose manager is responsible for both generating revenues and controlling costs, resulting in operating income.

A Responsibility Center Whose Manager Is Held Accountable for Both