A type of responsibility center which is typically established whenever an organizational unit has control over both its resources and its products or services is a(an)
A)investment center.
B)revenue center.
C)expense center.
D)profit center.
E)standard cost center.

Question

Quizplus · Accepted Answer

A profit center is a type of responsibility center that has control over both its resources (expenses) and its products or services (revenue). This means that the center is responsible for generating profit or loss.

A Type of Responsibility Center Which Is Typically Established Whenever