kg) What are the advantages of a Cost Centre ?
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Explanation:
Examples. Cost centers are typical business units that incur costs but only indirectly contribute to revenue generation. For example, consider a company's legal department, accounting department, research and development, advertising, marketing, and customer service a cost center.
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Answer:
- Monitoring efficiency
- Employee confidence
- Loss prevention
- Increasing profit
- Management efficiency
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- Negative effects on other departments
- Hard to monitor efficiency
- Efficiency and productivity cannot be assessed properly
- Profit can not be controlled
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