Types of Responsibility Centers
Consider each of the following independent scenarios:
Required:
For each of the above independent scenarios, indicate the type of responsibility center involved (cost, revenue, profit, or investment).
Identify the responsibility center for each scenario.
Responsibility Center:
A business segment whose managers are responsible or accountable for certain activities or tasks is known as responsibility centers. There are four types of responsibility centers which are as follows:
The following table represents the scenarios with the responsibility centers:
 | Scenarios | Responsibility Center |
a... |
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