Cost Centres Are Not Classified as Responsibility Centres Since There

question 103

True/False

Cost centres are not classified as responsibility centres since there is no revenue responsibility.

---

Definitions:

Multiple Facilities

Organizations or establishments having several physical locations or amenities designed for specific functions or services.

Webinars

Online seminars that allow for interactive participation and are designed to educate or inform a remote audience.

Telepresence

Technology that allows a person to feel as if they are present, to give the appearance of being present, or to have an effect, at a location other than their own.

Team Meeting

A gathering of team members to coordinate actions, share updates, and strategize on projects, essentially a synonym for Group Meetings.