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:

Return on Assets Ratio

A measure of profitability that indicates how efficiently a company is using its assets to generate earnings.

Chief Financial Officer

The Chief Financial Officer (CFO) is a senior executive responsible for managing the financial actions of a company, overseeing financial planning, and reporting on financial performance.

Securities & Exchange Commission

A federal agency responsible for enforcing the federal securities laws and regulating the securities industry, the nation's stock and options exchanges.