Responsibility Accounting:

Select one:

a. is the process by which a company records and reports financial information for a specific group of business activities in an identifiable business segment.

b. helps to define how business activities can be measured to better manage those activities, but it does not define how the business is organized.

c. is responsible and accountable for both costs

d. is accountable for revenues only. In Figure 9.1 the sales segment has control over revenues, and is therefore a revenue center.