When Revenues and Costs Are Dealt with on a Departmental

question 3

Multiple Choice

When revenues and costs are dealt with on a departmental basis, each department is known as a:

• A)cost centre.
• B)overhead centre.
• C)job centre.
• D)collection centre.

---

Definitions:

Promisee

The person to whom a promise is made or a commitment is given.

Promisor

An individual or entity that makes a promise or agreement to perform a specified act or service in a contract.

Delegable

Refers to duties or tasks that can be assigned or transferred from one party (the delegator) to another (the delegatee), legally allowing for the completion of the task by someone other than the original party.

Duty

A moral or legal obligation to perform or refrain from performing a certain action.