When the manager has the responsibility and authority to make decisions that affect costs and revenues but
Question:
When the manager has the responsibility and authority to make decisions that affect costs and revenues but no responsibility for or authority over assets invested in the department, the department is called a(n):
a. cost center.
b. profit center.
c. investment center.
d. support department.
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b The manager of a profit center answer b has responsibility for and authority over costs and reven...View the full answer
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Related Book For 
Financial And Managerial Accounting
ISBN: 9781337902663
15th Edition
Authors: Carl S. Warren, Jefferson P. Jones, William B. Tayler
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