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:

Relationship

The method by which several concepts, items, or people interact, or the situation of being interconnected.

Main Effect

In the context of experimental design, it refers to the primary impact of an independent variable on a dependent variable, ignoring other variables.

Interaction Effect

Occurs when the effect of one independent variable on the dependent variable changes based on the level of another independent variable.

Crime Area

A region or locality with high incidence of criminal activity.