A Unique Factor of Responsibility Accounting Performance Reports Is the Focus

question 192

True/False

A unique factor of responsibility accounting performance reports is the focus on responsibility and controllability.

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Definitions:

Revenue Center

A segment of a business responsible for generating revenue through its operations and sales activities.

Profit Center

A part of a company that directly contributes to its profit through its operations and management.

Direct Expense

Costs that can be directly attributed to the production of goods or services, such as raw materials or labor.

Cost Center

A division or department within a business to which costs can be allocated for accounting and budgeting purposes.