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What is a Responsibility
Center?
The Responsibility is the unit in the
Responsibility
Centersfurther defined
It is an organization unit for which a
Attributes of a responsibility
center
It is like a small business, and its manager
Input-Output Attributes
Most organizations use financial controls
EFFECTIVENESS AND
EFFICIENCY
Effectiveness: It means how well the
Cost Centers
Part of a business to which a
Revenue Center
A Revenue Center is responsible for selling
Profit Center
Profit Centers are parts of a corporation that
Investment Centers
An investment center is a classification
Investment Centers,
continued
The advantage of this form of
Integrated Treasury
The word INTEGRATION means