Explain the differences between a cost centre, revenue centre, profit centre and an investment centre and explain

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Explain the differences between a cost centre, revenue centre, profit centre and an investment centre and explain what type of financial performance measure is suitable for the evaluation of each unit.

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Management Accounting Information for creating and managing value

ISBN: 978-1760420406

8th edition

Authors: Kim Langfield Smith, David Smith, Paul Andon, Ronald Hilton, Helen Thorne

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Question Posted: Aug 10, 2019 07:38 AM

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Explain the differences between a cost centre, revenue centre, profit centre and an investment centre and explain

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Using the criterion that managers should only be evaluated on the basis of the items over which they have significant influence ie controllability we ...View the full answer

Management Accounting Information for creating and managing value

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