Which of the Following Will Help an Organization Maintain Consistent

question 38

Multiple Choice

Which of the following will help an organization maintain consistent business operations?

• A)Marketing, sales, and accounting departments decide to use the same vendor for a new system.
• B)Sales decides to implement a new system without considering other departments.
• C)A new office policy states that all managers can implement their own policies for purchasing supplies and materials.
• D)Marketing decides to save customer's email addresses in the marketing system, even though other organizational systems do not have this capability.

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Definitions:

Balance Sheet

An overview document showing a business’s assets, liabilities, and the equity of its shareholders on a specific date.

Sole Proprietorship

A business structure where an individual owns and operates the business entirely, bearing unlimited liability for its debts and obligations.

Stockholders' Equity

The owners' claim after subtracting total liabilities from total assets, representing the net value of a company to its shareholders.

Net Income

The residual financial gain of a company after deducting every cost, tax, and expense from the total earnings.