Which of the Following Is NOT a Function of Business

question 21

Multiple Choice

Which of the following is NOT a function of business reports?

• A)data transfer
• B)proposing a solution to some problem
• C)providing information that helps the organization achieve its objectives
• D)all of these

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Definitions:

Internal Controls

Processes and procedures implemented by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.

Non-Inventory Items

Goods or services that a company buys or sells but does not track quantities of, such as supplies or consulting services.

QBO

Stands for QuickBooks Online, a cloud-based accounting software designed for small to medium-sized businesses.

Accounting Records

Documents and ledgers that capture all the financial transactions of a business, serving as a foundation for financial reporting.