Which of the following is considered a responsibility center?
A) Investment center.
B) Profit center.
C) Revenue center.
D) All are responsibility centers.

Question

Quizplus · Accepted Answer

All three options - Investment center, Profit center, and Revenue center - are considered responsibility centers. A responsibility center is a unit or department within an organization that is responsible for a specific function or objective and is held accountable for its performance. Investment centers are responsible for managing investments and generating returns, profit centers are responsible for generating profits, and revenue centers are responsible for generating revenue.

Which of the Following Is Considered a Responsibility Center