RESPONSIBILITY CENTER Definition

Bookmark and Share

RESPONSIBILITY CENTER is a subunit in an organization whose manager is held accountable for specified financial results of its activities.

Learn new Accounting Terms

INVENTORY TURNOVER is a ratio that shows how many times the inventory of a firm is sold and replaced over a specific period.

CONTINGENT WORKERS is a provisional group of workers who work for an organization on a non-permanent basis, also known as freelancers, independent professionals, temporary contract workers, independent contractors or consultants.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.