A Cost Centre Is a Responsibility Centre in Which a Manager

question 152

True/False

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

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Definitions:

Organizational Structure

The system that outlines how certain activities are directed in order to achieve the goals of an organization, including roles, responsibilities, and authority.

Adaptive Challenges

Complex issues or problems in organizations or societies that require changes in understanding, attitudes, or behaviors, and often lack straightforward solutions.

Technical Challenges

Problems or difficulties relating specifically to the technical aspects of a task, project, or operation.

Technical Challenges

Difficulties or obstacles related to the technical aspects of a task or project.