The internal functions of a business include
A) Research and development.
B) Purchasing.
C) Servicing.
D) Marketing.
E) All of these answers are correct.
Correct Answer:
Verified
Q148: An audit
A)Is only performed for companies with
Q149: If a business is not being sold
Q150: Businesses can take the following form(s)
A)Sole proprietorship.
B)Partnership.
C)Sole
Q151: Revenue is recognized in most businesses
A)Upon completion
Q152: Internal controls are procedures set up to
A)Protect
Q154: Assets created by selling products or services
Q155: The business entity principle
A)Means that business records
Q156: Properties or economic resources owned by a
Q157: The value of assets exchanged for goods
Q158: Accounting information is considered to be relevant
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