SEARCH
You are in browse mode. You must login to use MEMORY

   Log in to start


From course:

Management accounting 2022

» Start this Course
(Practice similar questions for free)
Question:

What responsibility centers do we have?

Author: Hjalmer Pedersen



Answer:

1. Cost center: Department or function that does not directly contribute to profit but still costs money to operate. 2. Revenue center: Department responsible for generating sales. 3. Profit center: A center that directly contributes to the company’s bottom line. 4. Investment center: An investment center is a business unit in a firm that can utilize capital to contribute directly to a company's profitability


0 / 5  (0 ratings)

1 answer(s) in total