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What is responsibility center?

Anonymous

∙ 16y ago

Updated: 9/27/2023

A responsibility centre is an autonomies business unit for which a manager is responsible for Cost, Revenue and Aquisation and disposals of an assets. E.g. Cost Centre, Revenue Centre, Profit Centre and Investment Centre.

Wiki User

∙ 16y ago

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What are examples for responsibility centers?

cost center investment center profit center revenue center

What is a responsibility center that incurs costs and expenses and generates revenues?

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What is major type of responsibility center?

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Resource Advisors are normally appointed by Responsibility Center Managers?

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responsibility center managers, who in turn, distribute the funds to cost center managers.

What is the difference between responsibility center and cost center?

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