Select the term from below to match with the correct statement.
-A(n) ___________ is a responsibility center in which a manager is responsible only for costs.
A)centralization
B)revenue center
C)profit center
D)cost center
E)investment center
F)decentralization

Question

Quizplus · Accepted Answer

A cost center is a responsibility center where a manager is responsible only for controlling costs. The manager does not have responsibility for generating revenues or profits, but rather focuses on controlling expenses within the center.

Select the Term from Below to Match with the Correct