In the Context of the Business Products Classification System,which of the Following

question 193

Multiple Choice

In the context of the business products classification system,which of the following group of products is typically promoted through advertisements rather than through personal selling?

• A)Installations
• B)Accessory equipments
• C)Component parts and materials
• D)Raw materials

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Definitions:

Balance Per Bank

The amount of money in a company's bank account according to the bank's records at a specific point in time.

Bank Reconciliation

The procedure of reconciling the balance figures in a firm's accounting ledger for a cash account with the associated entries on a bank statement.

Segregation Of Duties

An internal control measure that divides responsibilities among different people to prevent fraud and errors.

Treasurer

An officer of an organization responsible for managing the institution’s budget, overseeing its investment strategy, and handling its financial planning, reporting, and record-keeping.