Which Activities Belong in the Finance Department

question 399

Multiple Choice

Which activities belong in the Finance 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:

Laffer Curve

A theoretical representation of the relationship between tax rates and tax revenue, suggesting there is an optimal tax rate that maximizes revenue without deterring economic activity.

Basic Contention

The fundamental disagreement or argument typically relating to a particular issue or theory.

Classical

Pertains to economic theories and models that emphasize free markets, competition, and the self-regulating nature of economies, first developed in the 18th and 19th centuries.

Wages

Payments made to workers or employees as compensation for their labor or services.