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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.

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Tax Form - P46 Business Impact Workout Commission Agent
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Term created / updated 2007-05-29 00:06:06

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