In a Centralized Organizational Structure, the _____ Department Is Responsible

question 109

Multiple Choice

In a centralized organizational structure, the _____ department is responsible for developing promotional plans that will be approved by management and recommending a promotions program based on the overall marketing plan, objectives, and budget.

• A)production
• B)finance
• C)auditing
• D)advertising
• E)product planning

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Definitions:

Liabilities

Financial obligations or debts owed by a business to another entity, typically resulting from past transactions or events.

Adjusting Entries

Journal entries made at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.

Interest-Bearing Note

A debt instrument that pays interest to the holder until its maturity.

Accrual of Interest

The recording of interest that has been earned but not yet paid or received in cash.