The Accounting Profession Is Divided into 5 Key Working Areas

question 183

Multiple Choice

The accounting profession is divided into 5 key working areas, two of which are

• A) auditing and managerial accounting.
• B) forecasting and logistical accounting.
• C) inventory control and budgeting.
• D) income accounting and expenditure accounting.

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Definitions:

Marketing Channel

A set of practices or activities necessary to transfer the ownership of goods from the point of production to the point of consumption.

Risk Taking

The act of engaging in a behavior or decision that has the potential for a negative outcome, in the hope of achieving a positive result.

Facilitating Functions

Activities and services that support and enhance the marketing, distribution, and consumption of products, such as transportation and financing.

Attractive

Having qualities that appeal to an audience; often used in marketing to describe products or services that draw customer interest.