An Important Difference Between Accounting and Other Business Functions,such as Marketing

question 177

Multiple Choice

An important difference between accounting and other business functions,such as marketing and management,is that:

• A)Accounting functions must be performed by an "outsider" rather than by an employee of the business)in order to avoid conflicts of interest.
• B)Accounting offers us insight into whether the business is financially sound.
• C)Accounting involves mainly clerical activities and thus requires very little analysis.
• D)Accounting deals exclusively with numbers.

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Definitions:

Milk Producers

Individuals or companies engaged in the production and supply of milk, often involving the raising of dairy cattle.

Price-Fixing

An illegal agreement among competitors to fix prices, restrict production, or manipulate market conditions.

Prices

The sum of money anticipated, needed, or provided as compensation for something.

Agreements

Mutual understandings or arrangements between two or more parties that create enforceable obligations or contracts.