Solved

A Responsibility Center Whose Manager Is Held Accountable for Both

Question 16

True/False

A responsibility center whose manager is held accountable for both revenues and costs and for the resulting operating income is called a profit center.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q12: The manager of Center B produces a

Q13: Which of the following represents a basic

Q15: The use of quantitative tools to gauge

Q18: Incentive awards are utilized mainly to encourage

Q19: A performance management and evaluation system is

Q20: If a performance report contains items that

Q21: The balanced scorecard links the perspectives of

Q43: Why is it important that a manager's

Q104: For residual income figures to be comparable

Q114: An organization chart assists in management control.