Airlines, Universities, and Consulting Companies Are All Examples of

question 35

Multiple Choice

Airlines, universities, and consulting companies are all examples of

• A) service organizations.
• B) manufacturing organizations.
• C) production organizations.
• D) public sector organizations.
• E) industrial organization.

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Definitions:

Double-Entry Bookkeeping

An accounting practice that ensures every transaction affects two accounts, maintaining the balance of the accounting equation.

Foreign Currency

Money or currency used in another country, differing from one's own domestic currency.

Exchange Rate

The rate at which one currency can be exchanged for another currency.

Commercial Banks

Financial institutions that accept deposits, offer checking and savings accounts, and provide loans, thereby playing a crucial role in the financial system.