Question 1
Bookkeeping refers to ________.
◦ the cost accounting component of accounting
◦ analyzing financial information
◦ preparing financial forecasts
◦ recording the economic activities of the business
◦ performing profitability analysis for a company
Question 2
Expenses incurred through marketing and distributing a product are referred to as ________ expenses.
◦ organization
◦ permanent
◦ general
◦ selling
◦ administration