A Responsibility Center in Which the Department Manager Has Responsibility

question 88

True/False

A responsibility center in which the department manager has responsibility for and authority over costs, revenues, and assets invested in the department is termed a cost center.

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Definitions:

Apiary

A location where beehives are kept for the production of honey.

Apple Orchard

A type of farm where apple trees are cultivated primarily for the production of apples.

Honey

A sweet, viscous food substance produced by bees and some other insects from the nectar of flowers.

Apples

A sweet, edible fruit produced by an apple tree, typically round in shape and available in many varieties.