Cost centre

Cost centre

A unit whose direct costs can be ascertained, and to which fixed costs can be allocated, in the pursuit of effective financial control. This unit may be a department, a place, a person or even a machine. Contrast with profit center.

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Part of Speech: noun
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Blossary:
Industry/Domain: Business administration
Category: Financial management
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Related terms

cost centre

Business administration; Business management

A unit whose direct costs can be ascertained, and to which fixed costs can be allocated, in the pursuit of effective financial control. This unit may be a department, a place, a ...

cost center

Business administration; Financial management

A unit whose direct costs can be ascertained, and to which fixed costs can be allocated, in the pursuit of effective financial control. This unit may be a department, a place, a ...

cash flow

Business administration; Financial management

Cash flow is the movement of money in and out of a company. When more cash comes in than going out, it is said the company's operations are cash flow positive. A negative cash ...

K

Business administration; Financial management

A common abbreviation for one thousand, derived from the French ‘kilo’. It is used especially of money; for example, $50K = $50,000.

golden handcuffs

Business administration; Financial management

A financial inducement to an employee to stay, which is so favourable that he or she would find it difficult to leave the organization.

creative accounting

Business administration; Financial management

A form of accounting in which the presentation of financial data is manipulated to the advantage of an organization in any way possible within the law (or not, as the case may ...

indirect taxation

Business administration; Financial management

A form of taxation which is not paid directly to the government, as in direct taxation, but added to the cost of goods and services; for example, Value Added Tax or the tax on ...

shadow price

Business administration; Financial management

A guess or best estimate of the price of a product in the absence of a market in that product which can actually provide one. See also opportunity cost.