A __________ is a segment of an organisation in which managers are held responsible for the cost incurred in the center but not for the revenues.

Revenue center

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Investment center

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Cost center

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Profit center

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Solution

The correct option is C Cost center
A cost center is that segment of an organisation which is responsible for the cost conduct of the business. The manager of this segment compares the actual cost with the planned cost of the business to take corrective measures in case of any deviations.

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A __________ is a segment of an organisation in which managers are held responsible for the cost incurred in the center but not for the revenues.

The correct option is C Cost centerA cost center is that segment of an organisation which is responsible for the cost conduct of the business. The manager of this segment compares the actual cost with the planned cost of the business to take corrective measures in case of any deviations.

The correct option is C Cost center
A cost center is that segment of an organisation which is responsible for the cost conduct of the business. The manager of this segment compares the actual cost with the planned cost of the business to take corrective measures in case of any deviations.