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QUESTION

Responsibility Centers. Petroleum Products, Inc., operates primarily in the United States and has several segments: Accounting and finance:

Responsibility Centers. Petroleum Products, Inc., operates primarily in the United States and has several segments:

  1. Accounting and finance: responsible for recording financial information and preparing financial reports.
  2. Human resources: responsible for hiring employees and maintaining personnel records.
  3. Retail stores: responsible for sales prices and all costs within each store.
  4. Advertising: responsible for promotional materials.
  5. Production: responsible for manufacturing company products.
  6. International operations: acts as an independent segment responsible for all facets of the business outside of the United States.

Required:

For each of the preceding segments, identify whether it is a cost center, profit center, or investment center. Explain your answer.

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