Below Is a List of Departments; You Are to Identify

question 31

Short Answer

Below is a list of departments; you are to identify each as either [1] a profit center or [2] a cost center.
-The human resource office for a department store. ________

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Definitions:

Sales

The transactions involving the exchange of goods or services for money, contributing to a company's revenue.

Functional Currency

The currency of the primary economic environment in which an entity operates, usually the currency in which it generates and spends cash.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, culminating in its net income or loss for that period.

Exchange Rates

The rate at which one currency can be exchanged for another, a key factor affecting international business and finance.