Examlex
According to Bor and Seth (2012) , there is an important distinction between:
Cost Center
A department or segment of a business wherein costs can be directly attributed, but which does not directly generate revenue.
Allocation Basis
Allocation basis is a criterion used to distribute costs among different departments, products, or activities based on their use or consumption.
Departmental Costs
Costs that are attributed directly to a specific department within an organization.
Decentralized Organization
An organizational structure where decision-making authority is distributed among various levels and departments, enhancing flexibility and responsiveness.
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