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7 relations: Accounting, Cost centre (business), Efficiency ratio, Investment center, Peter Drucker, Profit (accounting), Responsibility center.
Accounting
Accounting or accountancy is the measurement, processing, and communication of financial information about economic entities such as businesses and corporations.
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Cost centre (business)
A cost centre is a department within a business to which costs can be allocated.
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Efficiency ratio
The efficiency ratio indicates the expenses as a percentage of revenue (expenses / revenue), with a few variations – it is essentially how much a corporation or individual spends to make a dollar; entities are supposed to attempt minimizing efficiency ratios (reducing expenses and increasing earnings).
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Investment center
An investment center is a classification used for business units within an enterprise.
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Peter Drucker
Peter Ferdinand Drucker (November 19, 1909 – November 11, 2005) was an Austrian-born American management consultant, educator, and author, whose writings contributed to the philosophical and practical foundations of the modern business corporation.
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Profit (accounting)
Profit, in accounting, is an income distributed to the owner in a profitable market production process (business).
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Responsibility center
A responsibility center is an organizational unit headed by a manager, who is responsible for its activities and results.
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