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14 June, 02:29

The budgetary unit of an organization that is led by a manager who has both the authority over and responsibility for the unit's performance is known as a a. budgetary area b. responsibility center c. control center d. managerial department

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  1. 14 June, 02:45
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    b. responsibility center

    Explanation:

    Responsibility centers are identifiable segments within a company for which individual managers have accepted authority and accountability. Responsibility centers define exactly what assets and activities each manager is responsible for.

    Managers prepare a responsibility report to evaluate the performance of each responsibility center. This report compares the responsibility center's budgeted performance with its actual performance, measuring and interpreting individual variances.
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