Fair Distribution

2 Posts
1 Sections
1 Types

August 31, 2024 3 min read Definitions

Equitable Apportionment: Fair Distribution of Costs

Accounting Economics Cost Allocation Fair Distribution Cost Centres Apportionment Basis Shared Costs

Equitable Apportionment refers to the process of sharing common costs between cost centres in a fair manner, using a basis of apportionment that reflects the way in which the costs are incurred by the cost centres.

August 31, 2024 4 min read Definitions

Tip Pooling: A System for Fair Distribution of Tips

Economics Finance Business TIPS Hospitality Restaurants Fair Distribution Employee Compensation

Tip Pooling is a practice where all tips are collected and then distributed among employees. This system is commonly used in restaurants to ensure a fair distribution of tips.