ECONOMICS

Detailed explanation-1: -A segment responsible for costs and revenues is called a profit center. A segment responsible for costs, revenues, and investment in assets is called an investment center.

Detailed explanation-2: -Investment Centre-This center is responsible for both investments and revenue. The investment manager can control expenses, income, the fund invested in assets, etc.

Detailed explanation-3: -A responsibility center in which the manager is held accountable for the profitable use of assets and capital is commonly known as a(n):-Cost center.

Detailed explanation-4: -A responsibility center is an organizational unit headed by a manager, who is responsible for its activities and results. In responsibility accounting, revenues and cost information are collected and reported on by responsibility centers.

Detailed explanation-5: -An investment center is a center that is responsible for its own revenues, expenses, and assets and manages its own financial statements which are typically a balance sheet and an income statement.