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Unformatted text preview: Term Definition and example Responsibility centers Cost or revenue is under the control of a manager. Example- Revenue center or investment center. Revenue centers Clearly recognizable branch, division, or unit of a company that produces revenue through sale of goods or services. Example-Housings department and food and drinks department of a bed and breakfast are its revenue centers. Cost centers A cost center is a portion of a business that does not produce direct profit and increases the fee of running a company. Example- Research and development departments, marketing departments, help HCA 270 desks and customer service/contact centers. Shadow cost centers Provides in depth reports for cost center departments, division, and extensions. Example- Rent and utilities decrease of plant and equipment, or big budget objects for whichever business. HCA 270...
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This note was uploaded on 07/23/2011 for the course HCA 270 taught by Professor Kulick during the Winter '10 term at University of Phoenix.
- Winter '10