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Which of the following statements regarding responsibility accounting is not true? Group of answer choices A cost center is a type of responsibility center. Responsibility
Which of the following statements regarding responsibility accounting is not true?
Group of answer choices
A cost center is a type of responsibility center.
Responsibility accounting is a system for creating budgets and performance reports for operating segments.
The objective of responsibility accounting is to hold each manager accountable for the costs and revenues over which the manager has primary control.
A profit center is responsible for generating revenue, but it is not responsible for controlling costs.
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