As Discussed in the Text, the Functions of the B/AR/CR

question 38

Multiple Choice

As discussed in the text, the functions of the B/AR/CR process:

• A) is identical to those of the order entry/sales process
• B) supports the problem-solving processes of marketing managers
• C) collects amounts due from customers
• D) is unrelated to the functions of the order entry/sales process

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Definitions:

Cash Receipts

A record of all money coming into a business, indicating the company's inflow of cash from its various activities.

Sales Clerk

An employee typically found in a retail environment responsible for assisting customers, processing transactions, and organizing products.

Accounting Controls

Processes and procedures implemented by a company to ensure the accuracy and integrity of its financial statements and to prevent fraud.

Internal Control Measures

Procedures and policies implemented by a corporation to ensure integrity of financial and accounting information, promote accountability, and prevent fraud.