Question

Maintaining the organization's financial records is a central purpose of which main business function?

A) Manufacturing and accounting
B) Finance and accounting
C) Sales and manufacturing
D) Finance and sales
E) Human resources

Answer 1

The finance and accounting function is responsible for maintaining an organization's financial records, making option B) Finance and accounting the correct answer.

Step-by-step explanation:

Maintaining the organization's financial records is a central purpose of the finance and accounting main business function. Therefore, the correct answer to the question is B) Finance and accounting. This business function ensures accurate financial reporting, facilitates management decision-making, and enables compliance with laws and regulations. Not only is it a fundamental aspect of managing a business's finances, but it also encompasses tasks such as bookkeeping, financial analysis, and strategic planning to maximize financial performance and control.