Plug-in 1 Quiz

source document

What describes the basic transaction data such as its date, purpose, and amount and includes cash receipts, canceled checks, invoices, customer refunds, employee time sheet, and so on? balance sheet source document transaction financial statement

the process associated with promoting the sale of goods or services

What is the function of the marketing department? deals with the strategic financial issues associated with increasing the value of the business while observing applicable laws and social responsibilities includes the policies, plans, and procedures for the effective management of employees the function of selling a good or service and focuses on increasing customer sales, which increases company revenues the process associated with promoting the sale of goods or services

the function of selling a good or service and focuses on increasing customer sales, which increases company revenues

What is the function of the sales department? deals with the strategic financial issues associated with increasing the value of the business while observing applicable laws and social responsibilities includes the policies, plans, and procedures for the effective management of employees the function of selling a good or service and focuses on increasing customer sales, which increases company revenues the process associated with promoting the sale of goods or services

both partners are protected from being responsible for all of the partnership's losses

What is the fundamental difference found in a limited partnership? only one partner is responsible for all of the partnership's losses both partners are responsible for all of the partnership's losses both partners are protected from being responsible for all of the partnership's losses none of these

loss

What occurs when businesses sell products or services for less than they cost to produce? expense profit loss revenue

finance accounting sales

Which of the following is a department in an organization? (Check all that apply) Check All That Apply finance accounting sole proprietorship partnership management information systems sales

accounting human resources

Which of the following is a department in an organization? (Check all that apply) Check All That Apply insiders accounting human resources transactions management information systems even points