The Demand for Airline Pilots Results from the Demand for Air

question 23

Multiple Choice

The demand for airline pilots results from the demand for air travel. This fact is an example of

• A) resource substitutability.
• B) rising marginal resource cost.
• C) elasticity of resource demand.
• D) the derived demand for labor.

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Definitions:

Profit Center

A profit center is a branch or division of a company that is treated as a separate unit for the purpose of assessing its revenue-generating ability and profitability.

Department Manager

A professional who oversees the operations and employees of a specific department within a company, ensuring goals and objectives are met.

Authority

The authority or capacity to command, make choices, and ensure compliance.

Responsibility Accounting Reports

Financial reports that measure the financial performance of different segments or departments of an organization, attributing revenues and expenses to the managers responsible.