An entrepreneur is a person who starts a new business and usually risks his own money to start the venture. Examples of well-known entrepreneurs include Bill Gates, Steve Jobs, Mark Zuckerberg, Pierre Omidyar, Arianna Huffington and Caterina Fake.
Among Mexico's major products and exports are oil (Mexico has a huge oil industry, controlled by the state-owned PEMEX, Petroleos Mexicanos) vehicles, electronics, and other machines, such as pumps, medical and technical equipment, etc.
People like to associate with people that treat them in a way they want to be treated
<u>Cost center responsibility</u> reports typically focus on the flexible budget variance, which is the difference between actual results and the flexible budget.
<u>Explanation</u>:
The cost center is the responsible center where the manager is only responsible for controlling costs. It is his duty to track the expenses. The performance evaluation of the cost center is based on its flexible budget variance.
The flexible budget variance generally provides the difference between actual results and the flexible budget. The cost center is of two types:
i) Production cost center
ii) Service cost center
The production department, maintenance department, accounting department and human resource department together form the cost center.
