Asked by
Jillian Legaspi
on Nov 17, 2024
Verified
A manager in a cost center also has responsibility and authority over the revenues.
Cost Center
A decentralized unit in which the department or division manager has responsibility for the control of costs incurred and the authority to make decisions that affect these costs.
Revenues
Increases in owner’s equity as a result of providing services or selling goods to customers.
- Identify the characteristics and responsibilities of different types of responsibility centers.
Verified Answer
KT
Learning Objectives
- Identify the characteristics and responsibilities of different types of responsibility centers.
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