An important difference between accounting and other business functions,such as marketing and management,is that:
A)Accounting functions must be performed by an "outsider" rather than by an employee of the business)in order to avoid conflicts of interest.
B)Accounting offers us insight into whether the business is financially sound.
C)Accounting involves mainly clerical activities and thus requires very little analysis.
D)Accounting deals exclusively with numbers.

Question

Quizplus · Accepted Answer

Accounting differs from other business functions in that it offers important insights into the financial health of the business. While marketing and management focus on areas like customer satisfaction, product development, and employee management, accounting is concerned with tracking revenues, expenses, profits, and losses. This information is essential for determining whether the business is financially viable, making accounting a critical function in any organization.

An Important Difference Between Accounting and Other Business Functions,such as Marketing