A reporting unit of a decentralized business that controls identifiable revenue and/or expense items is known as a(n):
A) Management center.
B) Performance center.
C) Accounting center.
D) Responsibility center.

Question

Quizplus · Accepted Answer

A responsibility center is a reporting unit of a decentralized business that controls identifiable revenue and/or expense items. It is responsible for achieving a specific set of goals and can be measured based on its performance. The other options, management center, performance center, and accounting center, are not commonly used terms in this context and may not accurately describe a responsibility center.

A Reporting Unit of a Decentralized Business That Controls Identifiable