The major types of responsibility centres are

Name: The major types of responsibility centres are
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Responsibility centres are classified into revenue, profit, cost, and investment centres. Revenue centres generate revenue directly, profit centres generate revenue and profit, cost centres incur costs and expenses, and investment centres manage the assets of the organization. Therefore, option D is the best choice as it includes all the major types of responsibility centres.

The Major Types of Responsibility Centres Are