A location, person or item of equipment (or group of these) costs may be ascertained, is called -
According to the official CIMA terminology, a 'Cost Centre' is defined as 'a location, person, or item of equipment (or group of these) for which costs may be ascertained…
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A location, person or item of equipment (or group of these) costs may be ascertained, is called -
Answer and explanation
Correct answer C
According to the official CIMA terminology, a 'Cost Centre' is defined as 'a location, person, or item of equipment (or group of these) for which costs may be ascertained and used for the purpose of cost control'.
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