Describe How Diversified Firms Can Use Activity Sharing and Transfer

question 102

Essay

Describe how diversified firms can use activity sharing and transfer of core competencies to create value.

---

Definitions:

Cash Payments Journal

An accounting journal used to record all cash payments, including expenses and creditor payments.

Check Register

A record kept to track written checks, deposits, and withdrawals in a checking account, aiding in account reconciliation and financial management.

Stock Purchases Register

A ledger or record keeping log for tracking all purchases of stock inventory over a period.

Voucher System

An accounting system used to authorize and record transactions such as purchases or sales.