All of the Following Are Key Functions of an Organization

question 92

Multiple Choice

All of the following are key functions of an organization except:

• A)Sales
• B)Information systems
• C)Marketing
• D)R&D

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Definitions:

Accrued Expenses

Expenses that have been incurred but not yet paid for, representing future obligations that a company recognizes on its financial statements.

Capital Lease

A lease classified as a purchase by the lessee for accounting purposes, where the lessee obtains significant ownership rights over the asset.

Operating Lease

is a rental agreement allowing a lessee to use an asset temporarily without ownership, typically with terms significantly shorter than the asset's life.

Operating Cash Flows

The cash generated from the normal operating activities of a business, reflecting its ability to generate positive cash flow to maintain and grow its operations.