A Functional Classification for a Car Dealer Would Classify Jobs

question 78

Multiple Choice

A functional classification for a car dealer would classify jobs into which of the following divisions?

• A) subcompact, compact, and SUV
• B) sales promotion, repairs, car sales, and store operations
• C) new car, new truck, used car, used truck
• D) main dealership and branch dealership locations A, B, and C

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Definitions:

Insurance Expense

An accounting term that refers to the cost associated with purchasing insurance policies to protect against various risks.

Accounts Receivable

The money owed to a company by its customers for goods or services delivered but not yet paid for.

Prepaid Insurance

An asset account that represents insurance payments made in advance and expensed over the coverage period.

Common Stock

Equity ownership in a corporation, representing a share in its assets and earnings.