A Profit Centre Is Related to a Decentralised Unit,whereas a Cost

question 69

True/False

A profit centre is related to a decentralised unit,whereas a cost centre is related to a centralised unit.

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Definitions:

Credibility Gap

The distrust or skepticism that arises when there is a perceived disconnect between what an individual or organization says and what they actually do.

Human Resources

Concerns all aspects of employment, including recruitment, staffing, training, payroll, benefits administration, and compliance with labor laws.

Management and Staffs

The process and people involved in planning, organizing, leading, and controlling an organization's resources to achieve its objectives.

Conscious Determinants

Factors that are consciously recognized and understood to influence an individual's thoughts, feelings, and behaviors.