April 2016
Intermediate to advanced
439 pages
10h 49m
English
Content preview from Business, Marketing, and Management Principles for IT and Engineering
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15
Profit Centers, Cost Control, and Standard Costs
15.1 PROFIT CENTERS AND COST CENTERS
A profit center is an organizational unit whose manager has been given full responsibility to operate on a profit-and-loss basis, his performance being judged on results. As its name implies, a profit center’s income statement must show steady profits, not losses. Subsidized profit centers are an oxymoron.
By contrast, a cost center typically offers support functions to other company departments and operates on a budget granted by general management. The information system department, for example, is quite often a cost center (which constitutes a very bad policy). Cost centers have neither a soul to blame nor a body to kick. Service departments ...
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I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
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