Definition: A cost center is a business unit that is only responsible for the costs that it incurs. The manager of a cost center is not responsible for revenue generation or asset usage. The performance of a cost center is usually evaluated through the comparison of budgeted to actual costs.
Hey All, I know that Belfast is in Northern Ireland where the official currency is the pound. However, we will be spending our entire stay in Ireland except for one day in Belfast and do not want to convert currency. Do most places in Belfast take the Euro or is it strictly the pound. (Specifically food and souvenir places).
For currency of Northern Ireland and of the whole of Ireland from 1826 to 1928, see Pound sterling. For the coin of the same value, see One pound (Irish coin). The Irish Pound (Irish: Punt Ãireannach) was the currency of Ireland until 2002. Its ISO 4217 code was IEP, and the usual notation was the prefix Â£ (or IRÂ£ where confusion might have arisen with the pound sterling or other pounds). The Irish pound was superseded by the euro on 1 January 1999. Euro currency did not begin circulation until the beginning of 2002.