Examlex
To be scientific, our observations must be
Profit Centers
Individual departments or units within a business that are responsible for generating their own profits.
Decision Making
The process of identifying and choosing alternatives based on the values and preferences of the decision maker.
Cost Center
A business unit or department that incurs expenses but does not directly generate revenues, typically evaluated on its cost efficiency.
Monitoring
The process of systematically checking or tracking activities or performance for compliance with expected standards.
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