Segment of subunit of company, whose manager is responsible for specific set of instructions and activities perform is classified as
A. subunit center
B. instruction center
C. responsibility center
D. activity segment
Answer: Option C
Solution(By Examveda Team)
Segment of subunit of company, whose manager is responsible for specific set of instructions and activities perform is classified as responsibility center. A responsibility center is a functional entity within a business that has its own goals and objectives, dedicated staff, policies and procedures, and financial reports.Related Questions on Costing
Basic objective of cost accounting is ________
A. tax compliance.
B. financial audit.
C. cost ascertainment.
D. profit analysis.
Process costing is suitable for ________.
A. hospitals
B. oil refing firms
C. transport firms
D. brick laying firms
The cost which is to be incurred even when a business unit is closed is a _____.
A. imputed cost
B. historical cost
C. sunk cost
D. shutdown cost
Join The Discussion