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.

---

Definitions:

Federal Courts

Courts established by the federal government of a country, in the United States they include the Supreme Court, Courts of Appeal, and District Courts, among others, which deal with matters of federal law and disputes between states or involving the government.

Mediate

The process of resolving disputes through the intervention of a neutral third-party mediator, who helps the conflicting parties to reach a mutually satisfactory agreement.

Affirmative Defense

A defense used in litigation where the defendant introduces evidence, which, if found to be credible, will negate criminal or civil liability, even if it is proven that the defendant committed the alleged acts.

Reply

A response or answer to a question or statement.