A centre that is solely responsible for costs,revenues and investment in assets is known as a:

Question

Quizplus · Accepted Answer

An investment centre is a unit that is responsible for not only costs and revenues, but also for making investments in assets. This means that the managers of an investment centre have the autonomy to make decisions about how to use their resources and allocate budgets, and are held accountable for the resulting returns on investment. In contrast, a cost centre is only responsible for controlling costs, a revenue centre is only responsible for generating revenues, and a profit centre is responsible for both costs and revenues, but not investments in assets.

A Centre That Is Solely Responsible for Costs,revenues and Investment