Identify which of the following statements regarding responsibility centers is false.
A) Responsibility centers are usually classified according to their financial responsibility.
B) Responsibility centers usually have one objective.
C) Management control systems monitor responsibility center objectives.
D) Cost centers, profit centers, and investments centers are all examples of responsibility centers.

Question

Quizplus · Accepted Answer

Responsibility centers can have multiple objectives, not just one. They are designed to manage and evaluate different aspects of an organization's performance, which may include cost control, revenue generation, and investment management.

Identify Which of the Following Statements Regarding Responsibility Centers Is