Which of the Following Departments Would NOT Be Classified as a Profit

question 60

Multiple Choice

Which of the following departments would NOT be classified as a profit center?

• A) hardware department
• B) men's shoes department
• C) accounting department
• D) automotive department

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Definitions:

Arbitration

Arbitration is a method of resolving disputes outside the courts, where an impartial third party, known as an arbitrator, makes a decision that's binding on the parties involved.

Binding Arbitration Clause

A contract provision mandating that all disputes arising under the contract must be settled by arbitration.

Disputes

Conflicts or arguments between parties that may require resolution through negotiation or legal means.

Contract

A legally binding agreement between two or more parties, enforceable by law.