As a Functional Area of Business,_____ Measures,summarizes,and Communicates Financial and Managerial

question 47

Multiple Choice

As a functional area of business,_____ measures,summarizes,and communicates financial and managerial information and advises other managers on financial matters.

• A)accounting
• B)finance
• C)operations
• D)marketing

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Definitions:

Substitute For Product

An alternative good or service that consumers can use in place of another product.

Increase In Price

A rise in the cost of goods or services, which can be caused by factors such as higher demand, reduced supply, or increased production costs.

Demand For Z

The desire for a specific product or service, labeled 'Z', within a market that consumers are willing and able to purchase at a given price.

Excise Tax

A tax applied to specific goods, services, or activities, often to discourage their use or to raise government revenue.