A Cost Center Is a Responsibility Center in Which a Manager

question 98

True/False

A cost center is a responsibility center in which a manager is accountable for costs only.

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Definitions:

General Rules

Foundational principles or guidelines designed to dictate behavior or regulate procedures in various contexts.

Memorandum of Understanding

A document outlining the preliminary agreements between two or more parties before the finalization of a contract.

Cursive Initials

Handwritten letters of a person's name executed in script as a form of identification or signature.

Ambiguities

Uncertainties or doubts in the meaning or interpretation of words, phrases, or legal provisions.