Which of the Following Describes a Responsibility Center

question 105

Multiple Choice

Which of the following describes a responsibility center?

• A) The executive management of a company
• B) A chart which displays the hierarchy of the company organizational structure
• C) The managers of a company who take responsibility for product defects
• D) The part of an organization for which a particular manager is responsible

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Definitions:

Closing Accounts

The process of finalizing all ledger accounts to prepare financial statements at the end of an accounting period.