Which of the Following Is the Primary Purpose of Accounting

question 28

Multiple Choice

Which of the following is the primary purpose of accounting?

• A)To establish a business
• B)To identify,record and communicate business transactions
• C)To deceive stockholders
• D)To keep from paying taxes
• E)To establish credit for a company

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Definitions:

IMC Strategy

An approach to creating a unified and seamless brand message across all channels and communication disciplines by integrating traditional and digital marketing strategies.

Promotional Goals

Promotional Goals are the objectives a company aims to achieve through its marketing communication efforts, such as increasing brand awareness, generating sales, or enhancing brand image.

Pricing Services

The process of determining the price at which services will be offered to customers, considering cost, value, demand, and competition.

Yield Management Systems

Systems used by companies, especially in the hospitality and airline industries, to adjust prices and availability of products or services in response to market demand, maximizing revenue.