A responsibility center for which a separate measure of revenues and/or costs is obtained is called an) _____.
A)accounting center
B)segment
C)contribution center
D)quality control center

Question

Quizplus · Accepted Answer

A segment is a responsibility center for which a separate measure of revenues and/or costs is obtained. The other options do not necessarily require a separate measure of revenues and/or costs. A accounting center may be focused on recording transactions and preparing financial statements, a contribution center is focused on the contribution margin, and a quality control center is focused on ensuring product quality.

A Responsibility Center for Which a Separate Measure of Revenues