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

Name: A cost centre is a responsibility centre in which a manager is accountable for costs only.
Brand: Quizplus
Rating: 4.7 (52 reviews)

Question

Quizplus · Accepted Answer

A cost centre is a type of responsibility centre in which a manager is responsible and accountable for costs incurred by the department or function they manage. As such, their primary focus is on managing expenses and optimizing resources to minimize costs, rather than generating revenue or profits.

A Cost Centre Is a Responsibility Centre in Which a Manager