Which of the Following Are Two Major Tasks Often Organized

question 155

Multiple Choice

Which of the following are two major tasks often organized as part of the advertising department of a firm?

• A) market research and sales management
• B) advertising research and copywriting
• C) public relations and risk management
• D) sales promotions and product development

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Definitions:

Unearned Rent

Income received for rent before the rental period has occurred, classified as a liability until the services (rental period) are performed.

Accrued Salaries

Salaries that have been earned by employees but have not yet been paid by the employer, recognized as a liability on the balance sheet.

Journal Entry

A record in the books of accounts that documents a business transaction in terms of debits and credits.

Adjusting Entries

Fiscal period closing entries in accounts to properly assign incomes and expenditures to the interval in which they factually took place.