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Definition of responsibility center
a cost object under the control of a manager
a responsibility center in which the manager has
a responsibility center in which the manager
a responsibility center in which managers are responsible for generating revenues and planning and controlling all expenses
the profit earned by a responsibility center that exceeds an amount "charged" for funds committed to that center
a responsibility center for which a manager is accountable only for the generation of revenues and has no control over setting selling prices, or budgeting or incurring costs
a segment of the production or service
The location of five New York futures exchanges: Commodity
A branch warehouse containing finished goods and service
A federal Act shielding employers from liability if they have made
Banks that raise most of their funds from the domestic and international money markets, relying less on depositors for funds.
A federal Act requiring the reporting of new hires into a national database.
An entity within a corporation against which both revenues and costs are
a center for which a surrogate
a center whose output has a market value
A central financial subsidiary used by an MNC to reduce transaction exposure by having
the obligation to accomplish a task or achieve an objective
responsibility accounting system
an accounting information system for successively higher-level managers about the performance of segments or subunits under the control
A division or unit of an organization for which a manager is held responsible – may be a cost centre, profit centre or investment centre.
a report that reflects the revenues and/or costs under the control of a particular unit manager
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