Which of the Following Are Typical Functional Areas in a Business

question 27

Multiple Choice

Which of the following are typical functional areas in a business?

• A) Purchasing
• B) Marketing and Sales
• C) Finance and Accounting
• D) Purchase Requisition
• E) Purchase Order

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Definitions:

Dividends

Payments made by a corporation to its shareholders, often as a distribution of profits.

Accounting Policies

Particular axioms, frameworks, precepts, rulings, and processes implemented by an enterprise in the arrangement and exhibition of financial narratives.

Forfeited Shares

Shares that have been surrendered or given up by the shareholder, often due to non-payment of share allotment or call money.

Refundable

Describes money that can be returned to the payer, often seen in tax credits or deposits that can be reclaimed under specific conditions.