Responsibility accounting defines an operating center that is responsible for revenue and costs as a(n): (CMA adapted)
A) profit center.
B) revenue center.
C) division.
D) operating unit.

Name: Responsibility accounting defines an operating center that is responsible for revenue and costs as a(n): (CMA adapted) A) profit center. B) revenue center. C) division. D) operating unit.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A profit center is responsible for both revenue and costs, making it accountable for its own profitability.

Responsibility Accounting Defines an Operating Center That Is Responsible for Revenue