What are the four types of responsibility centers? What is the focus of each of these responsibility centers?


Cost center--Manager is responsible for cost containment
Revenue center--Manager is responsible for generation of revenue
Profit center--Manager is responsible for net income of a unit
Investment center--Manager is responsible for return on asset base

Business

You might also like to view...

According to Jobvite, what percentage of employers use social media in their recruiting process?

A) less than 10 percent B) about than 25 percent C) about half D) about 75 percent E) more than 90 percent

Business

Factors that increase a firm's emphasis on ________ include purchases that are "new tasks" for a customer and transactions that require negotiation

A) m-commerce B) mass marketing C) public relations D) direct marketing E) personal selling

Business

In chapter 9 of your textbook, which one of the following is defined as the change in the existing state of knowledge?

a. Communication b. Learning c. Knowledge management d. Memory

Business

With respect to lean systems, what is the advantage of standardized components?

What will be an ideal response?

Business