An) _____ center is the responsibility center for which costs are accumulated.
A)profit
B)cost
C)investment
D)accounting

Name: An) _____ center is the responsibility center for which costs are accumulated. A)profit B)cost C)investment D)accounting
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Question

Quizplus · Accepted Answer

The term "cost center" refers to a responsibility center where costs are accumulated, controlled, and reported. This type of center doesn't generate revenue, but instead, it incurs expenses related to a specific product, department or function.

An) _____ Center Is the Responsibility Center for Which Costs