What is COST Center?

Answer Posted / rucs

cost,profit,and investment center
A cost center is one which is responsible only for the
control of costs it does not concern itself with pricing of
products or even investing the surplus in a fruiful
manner,its only concern is with respect to managing the
costs it encounters.

Is This Answer Correct ?    19 Yes 9 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is debtors turnover ratio? What propositions should be kept in mind while working with them?

610


What do you know about the formula of Simple interest and Compound Interest?

685


How do you differentiate between Marketing and Sales?

601


What does sacp stand for?

621


What are the different departments in RBI?

695






Tell about GST and its pros and cons?

628


What are the components of the monetary policy of rbi?

608


What is a fairness opinion?

627


Tell something about SARFAESI Act 2002?

683


What is capital gearing ratio?

619


What do the banks do for the society?

644


What is a demand draft and overdraft?

659


What are the disadvantages of equity shares?

615


What are the Non Performing assets of a company

637


what happend to the DLF co. during recession why the slow down in it's share and comapny also?

1761