Final answer:
The statement is TRUE. A responsibility center is indeed a segment or subunit of an organization where the manager is held accountable for designated activities, such as reaching sales targets or managing processes.
Step-by-step explanation:
The statement TRUE or FALSE: A responsibility center is a part segment, or subunit of an organization whose manager is accountable for a specified set of activities is TRUE. In various types of organizations, managers are often in charge of specific segments or subunits called responsibility centers. These centers can take the form of departments, divisions, or any other designated areas for which a manager has oversight.
Executives assign responsibilities based on specific outcomes or processes that need to be managed. For instance, a sales department is a responsibility center where the manager is held accountable for achieving sales targets. The organization may not prescribe every method by which these targets should be met, but it will hold the manager accountable for the final results, reinforcing the concept that the person leading a responsibility center must know that they are responsible for particular processes and/or outcomes.