Which of These Pairs of Functions Would Tend to Be

question 88

Multiple Choice

Which of these pairs of functions would tend to be affected most dramatically by a product or service redesign?

• A)Operations and Accounting
• B)Marketing and Operations
• C)Finance and Human Resources
• D)Engineering and Accounting
• E)Finance and Engineering

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Definitions:

Income From Operations

The profit generated from a company's regular business activities, excluding deductions of interest and taxes.

Multiple-Step Income Statements

A detailed financial statement that separates operating revenues and expenses from non-operating ones to calculate net income in several steps.

Gross Profit

The difference between sales revenue and the cost of goods sold before accounting for other expenses.

Perpetual Inventory System

An accounting method that records inventory purchases or sales in real-time through the use of computerized point-of-sale systems and enterprise asset management software.