What is the relationship of accountability, responsibility, and authority with respect to a responsibility center

70.2K

Verified Solution

Question

Finance

What is the relationship of accountability,responsibility, and authority with respect to a responsibilitycenter

Answer & Explanation Solved by verified expert

4.0 Ratings (705 Votes)

There are different corporate function departments lines of business within a firm like Human Resource Marketing Finance Operations Sales etc which is responsible for smooth running of firm when they operate in collaboration with each other Each of these departments can be looked upon as a responsibility center If the center can only control costs like IT Finance departments it is called as a cost center If the center can control both cost and revenues like See Answer

Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:

Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!

Become a Member

What is the relationship of accountability, responsibility, and authority with respect to a responsibility center

70.2K

Verified Solution

Question

Finance

What is the relationship of accountability,responsibility, and authority with respect to a responsibilitycenter

Answer & Explanation Solved by verified expert

Get Answers to Unlimited Questions

Membership Benefits:

Transcribed Image Text

Other questions asked by students

CI manufactures car doors using two main process operationsStamping & Pressing and information on...

George wants to use square pavers that are 6 inches on each side to completely surround...

Four charges are placed on the corners of a rectangle with length d = 0.00341 mm...

Choose one of the financial statements that were covered in this module: The Balance Sheet, The...

7 How does meiosis increase genetic diversity in populations 8 Why does phenotype not always...

For each of the following pairs of family members provide the coefficient of relatedness. (Assume...

B Find the perimeter of each polygon 1 3 9 2x 2 5x 3 4x...

Kala paid $14.75 for a 2.12-pound bag of shrimp at one store. The following week,...

If 1 m 3 28 ft then use dimensional analysis and the given information to...

please give me accurate answers if both. Many answers are uploaded...

Job Costs Using Activity-Based Costing Reider Company is a job-order costing firm that uses activity-based...

Wildhorse Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and...