____________________ provide the record-keeping mechanism for showing ownership of the financial instruments used in the flow of financial funds between savers and borrowers and record revenues, expenses, and profitability of organizations that produce and exchange goods and services.
A)Financial Managers
B)Accountants
C)Operations Managers
D)Statisticians
E)none of the above

Question

Quizplus · Accepted Answer

Accountants are responsible for maintaining records of financial transactions, including ownership of financial instruments, revenues, expenses, and profitability of organizations. They provide the necessary record-keeping mechanism for the flow of financial funds between savers and borrowers. Financial managers may also be involved in managing financial instruments, but their primary focus is on making strategic financial decisions. Operations managers are concerned with managing the production of goods and services, while statisticians analyze data and make predictions based on it. None of these roles are primarily responsible for maintaining records of financial transactions.

____________________ Provide the Record-Keeping Mechanism for Showing Ownership of the Financial