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What type of responsibility center generates revenues incurs and makes investments in operating assets?
A unit of a business that generates revenues and incurs costs is called a: Profit center. an investment center is responsible for investments made in operating assets.
Is the department belong to the manager who is responsible for both cost and revenue?
Solution(By Examveda Team)
A manager, who is responsible for both cost and revenues belongs to department of profit center. A profit center is a branch or division of a company that directly adds to the corporation's bottom-line profitability.
What are the three types of responsibility centers?
Types of Responsibility Centers.
Revenue Center. A revenue center is solely responsible for generating sales. ... .
Cost Center. A cost center is solely responsible for the incurrence of certain costs. ... .
Profit Center. ... .
Investment Center..
In which of the following is a manager responsible for only costs?
A manager who is responsible for only cost of company belongs to cost center. A cost center is a department within an organization that does not directly add to profit but still costs the organization money to operate.