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).
100 cents = 1 euro. The Republic of Ireland uses the Euro, made up of 100 cents and Northern Ireland uses the Pound Sterling, made up of 100 pennies. The Republic of Ireland is part of the European Union and has adopted the Euro as its currency in common with many other members of the Union. In contrast Northern Ireland which is, for the time being, part of the United Kingdom continues to use the Pound Sterling as the UK has not adopted the Euro as its currency. Nearly a thousand years (from 997 to 1928)