The Department That Hires, Trains, and Develops Company Employees Is

question 10

Multiple Choice

The department that hires, trains, and develops company employees is called ________.

• A) Human resources
• B) The employee office
• C) The people department
• D) The principal's office
• E) The hiring and firing office

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Definitions:

Economic Profit

The profit or loss calculated by taking the total revenue of a firm and subtracting all its costs, both direct and indirect.

Market Power

The ability of a firm or group of firms to control prices and total market output, often as a result of monopoly or oligopoly market structures.

Average Total Cost

The total cost of production divided by the quantity of output produced.