Which of the Following Are Usually Classified as Functional Areas

question 29

Multiple Choice

Which of the following are usually classified as functional areas of a business?

• A) production,human resources,finance
• B) finance,accounting,training
• C) marketing,education systems,finance
• D) accounting,marketing,training

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Definitions:

Expenses

The money spent or costs incurred in an entity's efforts to generate revenue, representing the cost of doing business.

Withdrawals

Funds taken out from a business by its owner(s) for personal use.

Credit

An accounting entry that either increases a liability or equity account, or decreases an asset or expense account.

Assets

Resources owned by a business or individual that have economic value and can be used to meet debts or commitments.