Any organizational unit that contributes costs,revenues,investments,or profits as part of the company's total accounting "package" is called a(n)____________.
A)equity specialist
B)financial responsibility center
C)controller
D)debt awareness department

Question

Quizplus · Accepted Answer

The term "financial responsibility center" refers to an organizational unit that is responsible for contributing to the company's financial performance by generating revenues, incurring costs, making investments, and generating profits. This term is commonly used in management accounting to represent a unit that has some degree of financial responsibility within the company. None of the other options are relevant to the definition given.

Any Organizational Unit That Contributes Costs,revenues,investments,or Profits as Part of the Company's