Business terms and jargon explained. Your business dictionary

What is Profit and Loss Responsibility

P & L responsibility is the accountability of a department, section or company in terms of it making a profit or loss in its own right. When authority is given, then that person is responsible for its performance and how it will affect the rest of the business and is answerable for the results.

<- Go Back
Business Terms Home page

Search jargon and terms database to learn more:-

A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z

Search Term   

Joint liability Equity Rates Management buyout Cognition
Deemed domicile FIO Bare trust PLC
EMEA Take Out Bankruptcy Order
Stock losses Inventory Invention Magistrates court
Tax Form - P11D Kuna Payback Back Office
Nominee Guarani HR Ofcom
Credit Scoring Vest Age admitted Aggregate Demand
Tax Exemption Non-Resident Troy Ounce In camera
Touch base Cyberliabilities High Credit War Chest
Transposition - EU Gross Estate Copyright Tribunal Crowding Out

Term created / updated 2007-05-29 00:06:06

Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms, and to explain them in Plain English so it is very easy to understand. Getting the right understanding and knowing your business jargon will keep you informed among your peers.

Copyright © 2004-2019 Scopulus Limited. All rights reserved.