Operations management

Table of Contents

1. Topic pack - Operations management - introduction
2. Operations Management (OM) - Introduction
3. 5.1 Production methods notes
4. 5.1 Production methods - questions
5. 5.2 Costs and revenues - notes
6. 5.2 Costs and revenues - questions
   1. Cost centres and profit centres - short answer questions
   2. Methods of costing - short answer questions
   3. Contribution costing - numerical questions
7. 5.3 Break-even analysis - notes
8. 5.3 Break-even analysis - questions
9. 5.3 Break-even analysis - simulations and activities
10. 5.4 Quality assurance - notes
11. 5.4 Quality assurance - questions and activities
12. 5.5 Location - notes
13. Innovation - notes (HL only)
14. 5.6 Innovation - questions
15. 5.7 Production planning - notes
16. 5.7 Production planning - questions
17. 5.8 Project management - notes (HL only)
18. 5.8 Project management - questions (HL only)
19. Print View

Cost centres and profit centres - short answer questions

Question 1

Explain the difference between a cost centre and a profit centre.

Question 2

Describe the difference between authority and responsibility.

Question 3

Explain two reasons for having cost/profit centres.

Question 4

Explain why a profit centre is also a cost centre, but not all cost centres are profit centres.

Question 5

Explain how a school can be a profit centre, but why department within it are normally cost centres.