Mirella Macedo Works for Swictek Industries

question 46

Multiple Choice

Mirella Macedo works for Swictek Industries. Her primary responsibilities involve management of the firm's working capital and the analysis of long-term investment opportunities for Swictek. In which area is Mirella's job?

• A) financial management
• B) managerial accounting
• C) operational budgeting
• D) logistics

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Definitions:

Operating Expense

An expense that a business incurs through its normal business operations, often including items like rent, utilities, and payroll.

Accrual System

An accounting method where revenue and expenses are recorded when they are earned or incurred, regardless of when cash is exchanged.

Revenue

The complete sum of earnings derived from selling goods or offering services that are central to a company's core business.

Net Sales

The total revenue from sales less returns, allowances, and discounts.