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a) Explain the difference between a treasury operating as a profit centre as opposed to a cost centre b) Explain the difference between a centralised and de-centralised treasury operation c) discuss the advantages and disadvantages of centralisation and decentralisation d) discuss the process by which a treasury would typically evolve from being a decentralised to either a regional or fully centralized treasury operation

a) Explain the difference between a treasury operating as a profit centre as opposed to a cost centre b) Explain the difference between a centralised and de-centralised treasury operation c) discuss the advantages and disadvantages of centralisation and decentralisation d) discuss the process by which a treasury would typically evolve from being a decentralised to either a regional or fully centralized treasury operation

Understanding Business
Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Question 3 a) Explain the difference between a treasury operating as a profit centre as opposed to a cost centre b) Explain the difference between a centralised and de-centralised treasury operation c) discuss the advantages and disadvantages of centralisation and decentralisation d) discuss the process by which a treasury would typically evolve from being a decentralised to either a regional or fully centralized treasury operation
Transcribed Image Text:Question 3 a) Explain the difference between a treasury operating as a profit centre as opposed to a cost centre b) Explain the difference between a centralised and de-centralised treasury operation c) discuss the advantages and disadvantages of centralisation and decentralisation d) discuss the process by which a treasury would typically evolve from being a decentralised to either a regional or fully centralized treasury operation
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