What Are the Three Management Functions That Are Central to Meeting

question 29

Multiple Choice

What are the three management functions that are central to meeting the needs of service customers?

• A)Marketing, operations, and finance.
• B)Marketing, operations, and human resources.
• C)Marketing, finance, and accounting.
• D)Marketing, finance, and operations.
• E)Finance, accounting, and human resources.

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Definitions:

Transferring Debits

The process of moving debit entries from one account to another in accounting, typically to ensure accuracy in financial records.

Credits

A bookkeeping entry that raises a liability or equity account or lowers an asset or expense account.

Journal Entries

The basic building blocks of accounting, representing financial transactions recorded in a company's ledger.

Posting

The process of transferring financial information from the journal to the respective accounts in the ledger, a crucial step in the accounting cycle.