Functional Departments In A Typical Business Quiz

The top three roles of a company's Marketing Department are consumer demand research, advertising, and marketing strategies for the firm's products and services. Consumer demand research helps the department understand the needs and preferences of the target audience. Advertising is crucial for promoting the company's products and services to the target market. Marketing strategies involve planning and implementing various tactics to reach and engage with customers effectively. These three roles work together to ensure that the company's marketing efforts are aligned with customer demand and result in increased sales and brand awareness.

That's the job of the operations manager. The marketing managers' duty includes a company's ability to identify customers’ needs and design products and services that meet those needs, also determining the promotion and distribution of goods and services.

There are many departments in a typical business and some might be more important than others for certain businesses and markets. As the book decribed in chapter 2 the top five for a typical firm is Answer A.

There many roles and activities within a HR department but as we discussed in class the top three in most firms are Recruiting, Employee Relations, and Benefits and Compensation

Legal departments scope involve major financial, regulatory and legal aspects. In our lectures we discussed the top three typical ones as managing company risk and mitigation, representing the oompany in a litgious events and contract development and enforcment of company wide terms and conditions of sales/services

Accountants play a crucial role in providing managers with the necessary information to make informed decisions regarding the allocation of company resources. By analyzing financial data, accountants can provide insights into the financial health of the organization, identify areas of inefficiency or wastage, and offer recommendations for optimizing resource allocation. This information enables managers to make strategic decisions that can drive the company's growth and profitability. Therefore, the statement "Accountants provide managers with information needed to make decisions about the allocation of company resources" is true.

There are many roles and activities in the Finance departments of a typical business. As the book describes the three overarching ones are: acccounting of all financial transactions, treasury operations associated with investing and financing, and oversight of all accounting and implementation and monitoring of internal controls.

Financial accountants are responsible for this job. Managerial accountants provide information regarding costs, budgets, asset allocation, and performance appraisal for internal use by management for the purpose of decision-making.