What is the difference between the accounting and finance functional areas of business?

Group of answer choices

a) Accounting keeps track of company financial information while finance pays for business activities.

b) Accounting monitors company investments and finance provides advice on financial matters.

c) Accounting measures and summarizes company financial information and finance prepares reports using that information.

d) Accounting prepares financial statements and finance manages company funds.

All of the following are functions of the management process EXCEPT:

Group of answer choices

a) Leading

b) Monitoring

c) Controlling

d) Planning

To predict where the economy may be headed in the future, government analysts and economists use:

Group of answer choices

a) Historical studies of the stock market

b) Reviews of presidential politics over the last 20 years

c) Both leading and lagging economic indicators

d) The Wall Street Journal, both current and past editions

All of the following are fundamental components of Total Quality Management (TQM) except:

Group of answer choices

a) Customer satisfaction

b) Employee involvement

c) Regulatory reporting

d) Continuous improvement