The ________ Function Is Responsible for Identifying Customers

question 96

Multiple Choice

The ________ function is responsible for identifying customers.

• A)finance and accounting
• B)human resources
• C)manufacturing and production
• D)sales and marketing
• E)distribution and logistics

---

Definitions:

Percent of Receivables Method

An accounting technique used to estimate the amount of a company's accounts receivable that will not be collected, based on a percentage of the total accounts receivable.

Perpetual Inventory System

This is an accounting method that continuously updates inventory records for each sale or purchase of inventory.

Allowance for Doubtful Accounts

A contra-account that reduces the total receivables reported on the balance sheet to reflect the amount expected to be collected.

Perpetual Inventory System

The perpetual inventory system continuously updates inventory records for each purchase and sale transaction, providing real-time inventory levels.