Final answer:
Segregation of Duties, Activity-Based Costing, Double-Entry Accounting, and Profit Maximization are all activities conducted by companies.
Step-by-step explanation:
Segregation of Duties is a practice followed by companies to ensure that no single employee has complete control over a financial transaction from start to finish. This helps prevent fraud and errors. For example, the person who approves a payment should not be the same person who processes and records the payment.
Activity-Based Costing (ABC) is a method used by companies to allocate costs to products or services based on the specific activities involved in producing them. It provides a more accurate picture of the costs associated with different activities in the company.
Double-Entry Accounting is a system of bookkeeping where each transaction is recorded in two separate accounts, ensuring that there is a balance between assets, liabilities, and equity. It helps maintain accuracy and provides a complete record of financial transactions.
Profit Maximization is a goal pursued by companies where they aim to maximize their profit by increasing revenue and minimizing costs. This involves making decisions that optimize the use of resources and finding the most profitable price and quantity to produce.