What department is responsible for keeping track of the company's earnings, spending, and profits?
(1 point)
Responses
customer service
customer service
marketing
marketing
finance
finance
human resources
human resources
finance
The department responsible for keeping track of the company's earnings, spending, and profits is the finance department.
The department responsible for keeping track of a company's earnings, spending, and profits is the finance department. To arrive at this answer, you can eliminate the other options by understanding the roles and responsibilities of each department:
1. Customer Service: Although customer service is crucial for managing relationships with customers and addressing their needs, it is not primarily responsible for tracking financial information.
2. Marketing: Marketing departments focus on promoting products, services, and brands, and their role does not typically involve financial tracking.
3. Human Resources: Human resources departments are responsible for hiring, onboarding, training, and managing employees. While they may be involved in payroll and benefits administration, their main focus is not on tracking overall company earnings, spending, and profits.
By process of elimination, the finance department is the most appropriate department for this role.