Which of the Following Statements Best Describes Current Thinking Regarding

question 83

Multiple Choice

Which of the following statements best describes current thinking regarding processes?

• A)If companies concentrate on how functional areas like marketing, finance, and operations are organized, then everything will be fine.
• B)Managing functional areas like marketing, finance, and operations is essentially the same thing as managing what a business does.
• C)If the individual functional strategies of marketing, finance, and accounting are aligned with the overall business strategy, then everything will be fine.
• D)Developing superior business processes requires a cross-functional and cross-organizational perspective.

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Definitions:

Cash Payments

Outflows of cash to settle obligations or purchase assets.

Debit Balance

A condition where the sum of debits in an account exceeds the sum of credits.

Voucher System

An accounting system that involves a written authorization or record for any transaction that will result in a cash payment.

Cash Payments

Transactions that involve the immediate transfer of cash to settle a debt or purchase goods or services.