Geographical Groupings Are Organizational Groupings

question 94

Multiple Choice

Geographical groupings are organizational groupings

• A) that group specific customer segments.
• B) in which sales territories are subdivided according to geographic location.
• C) that represent the different departments or business activities within a firm.
• D) in which a unit is responsible for specific product offerings.
• E) that combine both market-based groupings with product groupings.

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Definitions:

Accounting System

A systematic process used by entities to track financial transactions and summarize financial data.

Cost Effectiveness

An assessment that compares the relative costs and outcomes (effects) of different courses of action.

Useful Information

Data or facts that are relevant and beneficial to decision-making processes, ensuring accuracy and timeliness.

Subsidiary Ledgers

Detailed ledgers that contain information about transactions for individual components, such as customers or suppliers, which are then summarized in the general ledger.