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) control center
B) budgetary area
C) responsibility center
D) managerial department

Responsibility Center

A segment of a business, such as a department or division, whose manager is accountable for specific financial activities and performance.

Budgetary Unit

An entity, such as a department or division, for which a budget is prepared and controlled.

Managerial Department

A department within an organization responsible for making management decisions, overseeing operations, and developing strategies.