Which Activities Do Accounting and Finance Components Perform

question 157

Multiple Choice

Which activities do accounting and finance components perform?

• A)Track employee information including payroll, benefits, compensation, performance assessment, and assumes compliance with the legal requirements of multiple jurisdictions and tax authorities.
• B)Handle the various aspects of production planning and execution such as demand forecasting, production scheduling, job cost accounting, and quality control.
• C)Manage accounting data and financial processes within the enterprise with functions such as general ledger, accounts payable, accounts receivable, budgeting, and asset management.
• D)None of the above.

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Definitions:

Savings and Loan Association

A financial institution that specializes in accepting savings deposits and making mortgage and other loans.

Voluntary Bankruptcy

The act of an individual or business initiating bankruptcy proceedings on their own accord as a means to manage insurmountable debt.

Order for Relief

A court order that formally begins the process of providing legal relief to a debtor in a bankruptcy case, offering protection from creditors.

Bankruptcy Petitioner

An individual or entity that initiates a bankruptcy case by filing a petition in bankruptcy court.