The Organization's Main Objective Is To

question 24

Multiple Choice

The organization's main objective is to:

• A) Provide employment and satisfaction to employees.
• B) Produce a product or provide a service.
• C) Provide a return to the owners of the business.
• D) Generate taxable income to fund the government.

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Definitions:

Pegboard

A tool used in accounting and administrative systems to track financial transactions and appointments.

Accounting

The process of communicating the income and expenses of a business and its financial health.

Financial Health

The state of one's personal monetary affairs, including the ability to manage expenses, save for the future, and handle emergencies.

Journalizing

The process of logging charges and receipts in a chronological list each day; used in the single-entry system of bookkeeping.