Of All the Business Functions,_____ Is the Only One Whose

question 4

Multiple Choice

Of all the business functions,_____ is the only one whose primary role is to bring in revenue.

• A) marketing
• B) research and development
• C) human relations management
• D) information management
• E) accounting

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Definitions:

Stockholders' Equity

The portion of a company's capital that belongs to the shareholders, calculated as the difference between total assets and total liabilities.

Liabilities

Obligations owed by a company to parties external to the business, which must be settled over time through the transfer of economic benefits including money, goods, or services.

Assets

Resources owned by a company that have economic value and can provide future benefits, including cash, property, and equipment.

Financial Statements

These are written records that convey the business activities and the financial performance of a company, including the balance sheet, income statement, and cash flow statement.