Which of the Following Statements Is True of Diversification

question 68

Multiple Choice

Which of the following statements is true of diversification?

• A)It involves the replacement of a defective product with a new,enhanced version.
• B)It usually involves an increase in market share of present products in present markets.
• C)It often leads an organization into new businesses.
• D)It helps ensure that an organization replaces defective products.

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Definitions:

Journal

A chronological record where financial transactions are initially recorded using the double-entry accounting system before being transferred to accounts in the ledger.

Chronological Order

This is the arrangement of events, or information, according to the time sequence in which they occurred or were created.

Account Number Order

The sequence or arrangement of account numbers, often used in organizing financial records or transactions for easy access and reference.

Journal

A detailed record where all financial transactions are initially recorded, chronologically, before being posted to ledger accounts.