Which of the Following Would Not Be Considered an Internal

question 217

Multiple Choice

Which of the following would not be considered an internal centralized service department?

• A) Payroll Accounting Department
• B) Manufacturing Department
• C) Information Systems Department
• D) Purchasing Department

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Definitions:

Fair Value

The financial return from unloading an asset or the expense of reallocating a liability in a formalized negotiation among market counterparts at the point of evaluation.

Economic Life

Refers to the expected period of time during which an asset is useful to the average owner.

Non-Cancelable

A term used in contracts and agreements indicating that the contract cannot be canceled or terminated by the parties involved without consequences.

Nonrenewable

Resources or energy sources that cannot be readily replaced by natural means at a pace quick enough to keep up with consumption.