Final answer:
The statement is TRUE; a responsibility centre is a part of an organization for which a manager is accountable for specific activities.
Step-by-step explanation:
The statement that a responsibility centre is a part, segment, or subunit of an organization whose manager is accountable for a specified set of activities is TRUE. In the context of business management and accounting, responsibility centres are fundamental elements that help in performance measurement and management control. Within a responsibility centre, the manager is held accountable for the outcomes and the processes under their jurisdiction.
This means they must ensure that the activities within their control meet the organizational expectations and targets. The concept underlines the principle that managers should be able to influence the outcomes for which they are held responsible.
Therefore, understanding which processes and outcomes they are accountable for is essential for managerial success.