Examlex
Which of the following is not one of the functions of the Financial Reporting Council (FRC) ?
Variable Costs
Costs that change in proportion to the level of production or business activity.
Cost Center
A department or unit within an organization to which costs can be allocated, but that does not directly generate revenue.
Performance Evaluation
The systematic process of assessing and reviewing an employee’s job performance and productivity in relation to established criteria and objectives.
Excess Capacity
The situation in which a company can produce more goods or services than currently demanded due to available resources exceeding production requirements.
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