Which of the Following Is Considered a Finance Business Function

question 68

Multiple Choice

Which of the following is considered a finance business function?

• A)General ledger
• B)Inventory control
• C)Capital budgeting
• D)Payroll

Understand the classification and treatment of direct and indirect costs in manufacturing.

Identify and differentiate between period costs and product costs.

Understand the concept and components of manufacturing overhead.

Calculate conversion costs and understand their components.

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Definitions:

Wage Freezes

policies or agreements that temporarily halt increases in employee wages, often implemented during economic downturns or as part of cost-saving measures.

Industrial Relations School

A field of study that examines employment relationships, including the interactions between employers, employees, and the regulations and policies affecting work environments.

Competitive Forces

The pressures that firms in the same industry face from competitors, which influence their strategies and market positioning.

Committee Of Employees

A group of workers selected or elected to represent the interests of their colleagues, often in discussions with management or in union activities.