Name and describe three types of responsibility centers and list their main characteristics.

Cost center: controls cost only, is not involved in controlling investments or revenue.

Revenue center: controls revenue generation, is assessed through variance analysis of revenues.

Profit center: involves controlling both costs and revenues, is evaluated by segment income.

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Academic.Tips. (2021, August 26). Name and describe three types of responsibility centers and list their main characteristics. https://academic.tips/question/name-and-describe-three-types-of-responsibility-centers-and-list-their-main-characteristics/

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Academic.Tips. 2021. "Name and describe three types of responsibility centers and list their main characteristics." August 26, 2021. https://academic.tips/question/name-and-describe-three-types-of-responsibility-centers-and-list-their-main-characteristics/.

1. Academic.Tips. "Name and describe three types of responsibility centers and list their main characteristics." August 26, 2021. https://academic.tips/question/name-and-describe-three-types-of-responsibility-centers-and-list-their-main-characteristics/.


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Academic.Tips. "Name and describe three types of responsibility centers and list their main characteristics." August 26, 2021. https://academic.tips/question/name-and-describe-three-types-of-responsibility-centers-and-list-their-main-characteristics/.

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