Which of These Characteristics Is Not Typically Used to Segment

question 21

Multiple Choice

Which of these characteristics is not typically used to segment business customers?

• A) geography
• B) industry demographics
• C) type of industry
• D) payment behavior

Identify adjustments to the balance per books and balance per bank in a bank reconciliation.

Comprehend the errors in recording transactions and their correction entries.

Know the role and importance of a bank reconciliation in financial control systems.

Understand the treatment of outstanding checks and deposits in transit in bank reconciliations.

---

Definitions:

Actual Rates

The current, real-time rates or prices for services, goods, or financial products in the market.

Transfer Price

The price at which goods or services are traded between divisions within the same company.

Internal Transfers

Internal transfers involve the movement of assets, funds, or resources from one part of an organization to another. This can include financial transactions or the reallocation of personnel and materials within the company.

Reported Profits

The net income as stated in a company’s financial statements, reflecting revenues minus expenses, including taxes and cost of goods sold.