Place the Five Business Functions in the Order They Appear

question 52

Multiple Choice

Place the five business functions in the order they appear along the value chain: A = Customer service
B = Design
C = Distribution
D = Production
E = Research and Development

• A) A, E, B, D, C
• B) A, C, D, B, E
• C) E, B, D, C, A
• D) E, B, A, D, C
• E) B, E, D, C, A

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Definitions:

Dividends

A portion of a company's earnings distributed to shareholders as a return on their investment.

Miscellaneous Expense

Small, often irregular costs that do not fit well into other categories of a budget or financial statement.

Closing Entries

Journal entries made at the end of an accounting period to transfer temporary accounts’ balances to permanent ones, resetting the temporary accounts for the next period.

Journalized

The process of recording transactions in a company's journal, marking the first step in the accounting process.