Which Activities Belong in the Sales Department

question 168

Multiple Choice

Which activities belong in the sales department?

• A) Records, measures, and reports monetary transactions.
• B) Tracks strategic financial issues, including money, banking, credit, investments, and assets.
• C) Supports the sales by planning, pricing, and promoting goods or services.
• D) Relies on information from operations to understand inventory, place orders, and forecast consumer demand.

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Definitions:

SEC Requires

Mandatory rules and requirements established by the Securities and Exchange Commission that publicly traded companies must follow to protect investors and ensure the integrity of the securities markets.

Common Stock

Common stock represents units of ownership interest or equity in a corporation, where holders usually have voting rights to elect the board of directors.

Preferred Stock

A class of ownership in a corporation that has a higher claim on assets and earnings than common stock, often paying fixed dividends.

Balance Sheet

A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time.