Question

A responsibility center in which the department manager is responsible for costs, revenues, and assets for...

A responsibility center in which the department manager is responsible for costs, revenues, and assets for a department is called

a.a profit center

b.an investment center

c.a cost center

d.an operating center

Business   Accounting   
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Answer #1
The answer is "Investment center"
A responsibility center is a part or subunit of a company for which a manager has authority and responsibility. The company's detailed organization chart is a logical source for determining responsibility centers. The most common responsibility centers are the departments within a company.

When the manager of a responsibility center can control only costs, the responsibility center is referred to as a cost center. If a manager can control both costs and revenues, the responsibility center is known as a profit center. If a manager has authority and responsibility for costs, revenues, and investments (i.e assets) the responsibility center is referred to as an investment center
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