What is the term for a company subunit whose manager is accountable for a defined set of tasks and directives?

Multiple choice question for Budgeting and Accounting. Select an option, then review the explanation below.

Explanation

A responsibility center is a part of an organization where the manager is held accountable for specific instructions and activities assigned to that segment.

Practice related questions from the same subject.

1.What term describes the discrepancy between the planned budget figures and the actual outcomes?
2.Which type of department is managed by a person accountable for both expenses and income?
3.Which type of managerial responsibility focuses solely on controlling the company's costs?
4.What term is used to describe a manager who has a greater number of subordinates and operates at a higher managerial level?
5.What term describes the use of variables to indicate if strategies are successful or unsuccessful?

What is the term for a company subunit whose manager is accountable for a defined set of tasks and directives?

Explanation

More Budgeting and Accounting MCQs