Question
Please help with the answer to this question Responsibility Centers. Petroleum Products, Inc., operates primarily in the United States and has several segments: Accounting and
Please help with the answer to this question
Responsibility Centers. Petroleum Products, Inc., operates primarily in the United States and has several segments:
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Accounting and finance: responsible for recording financial information and preparing financial reports.
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Human resources: responsible for hiring employees and maintaining personnel records.
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Retail stores: responsible for sales prices and all costs within each store.
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Advertising: responsible for promotional materials.
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Production: responsible for manufacturing company products.
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International operations: acts as an independent segment responsible for all facets of the business outside of the United States.
Required:
For each of the preceding segments, identify whether it is a cost center, profit center, or investment center. Explain your answer.
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