List the Four Types of Responsibility Centers

question 194

Essay

List the four types of responsibility centers.For each center,state the responsibility of the manager.
$$\begin{array} { | c | c | } \hline \begin{array} { c } \text { Type of responsibility } \\\text { center }\end{array} & \text { Responsibility of the manager } \\\hline & \\\hline & \\\hline & \\\hline & \\\hline\end{array}$$

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Definitions:

Direct Quote

A currency exchange rate expressed in terms of the home currency per unit of the abroad currency.

Euros

The official currency used by the countries of the Eurozone.

Portfolio Investment

In international finance, investment in the securities of a foreign company or government.

French Company

A business entity that is registered and operates within France or is formed under French law.