A financial responsibility center is an organizational unit that contributes to an organization's costs,revenues,investments,or profits.

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A financial responsibility center is defined as a unit within an organization that bears responsibility for its costs, revenues, investments, or profits. This helps in evaluating the financial performance of individual segments of an organization and enables them to be held accountable for their actions affecting the organization's financial position.

A Financial Responsibility Center Is an Organizational Unit That Contributes