is the segment of activity of abusiness which is responsible for bothrevenue and expenses.O a. Responsibility centerb. Cost centerc. Revenue centero d. Profit center

The segment which is responsible for revenue and expenses is the profit center but it is not…

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is the segment of activity of a business which is responsible for both revenue and expenses. a. Responsibility center O b. Cost center O c. Revenue center o d. Profit center

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter9: Responsibility Accounting And Decentralization

Section: Chapter Questions

Problem 12MC: A responsibility center in which managers are held accountable for both revenues and expenses is...

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is the segment of activity of a
business which is responsible for both
revenue and expenses.
O a. Responsibility center
b. Cost center
c. Revenue center
o d. Profit center

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Internal costs that are charged to the segments of a business are called_______. A. controllable costs B. variable costs C. fixed costs D. allocated costs
A responsibility center in which a manager is responsible only for costs is a(n) a. investment center. b. revenue center. c. profit center. d. cost center.
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