Which Activities Belong in the Accounting Department

question 99

Multiple Choice

Which activities belong in the Accounting department?

• A) Records,measures,and reports monetary transactions
• B) Tracks strategic financial issues,including money,banking,credit,investments,and assets
• C) Supports the sales by planning,pricing,and promoting goods or services is marketing
• D) Relies on information from operations to understand inventory,place orders,and forecast consumer demand

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Definitions:

Delivery Costs

The expenses associated with transporting goods from one place to another, including packaging, postage, and handling fees.

Reference Price

The price that a consumer considers reasonable or compares with when evaluating a potential purchase.

Elastic

A term in economics that describes the sensitivity of demand for a product in response to changes in its price.

Strategic Pricing

This is the practice of setting prices to maximize a company's profits by considering the product's value to the customer, market conditions, and competition.