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:

Market Equilibrium

A state in a market where the quantity supplied equals the quantity demanded, resulting in no incentive for price changes.

Excess Supply

A situation in which the quantity of a good or service supplied is greater than the quantity demanded at the current price.

Rent Control

Government laws or policies that limit the amount landlords can charge for leasing residential property to protect tenants from steep rent increases.

Rental Housing

Properties available for rent, providing accommodation to tenants in exchange for regular payments to the landlord.