Professional Documents
Culture Documents
Chapter 03
Chapter 03
Chapter 03
Exercises
Exercise 1
Exercise 2
Exercise 3
5. Hybrid. A company involved in more than one of the three major types of
business activity (manufacturing, merchandising, service).
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2 Chapter 3
5. Hybrid. Different from all the other four because while each of them
performs a single function (manufacturing, wholesaling, retailing, or
service), this type of business performs at least two of those functions.
Exercise 4
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Role of Accounting in Business 3
Exercise 5
Exercise 6
a. S, P, C
b. S, P
c. C
d. S, P
e. C
f. S, P
g. C
1. c 6. d
2. c
3. c
4. a
5. c
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