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What Is a Cost Center and How Is Its Performance

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What is a cost center and how is its performance evaluated?


Definitions:

Membership Group

A collection of people who have formally associated or registered because of shared interests or common goals.

Senior Positions

Roles or jobs within an organization that are of high rank, authority, and responsibility, typically involving decision-making and leadership.

Informal Network Integration

Refers to the process of blending unofficial relationships and connections within an organization to improve communication and collaboration.

Culture-Group Biases

Refers to the preconceived opinions or attitudes held by members of one cultural group towards another, often leading to misunderstanding or conflict.

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