Which of the following is primarily a financial responsibility in a business?

The profit-and-loss statement is primarily a financial responsibility in a business since it provides a summary of the revenues, costs, and expenses incurred during a specific period. This financial document is essential for assessing the profitability of the business and helps owners and managers make informed decisions about budgeting, managing expenses, and improving profitability. Understanding the profit-and-loss statement enables business leaders to analyze their financial performance and make strategic adjustments accordingly, ensuring the overall health of the business.

In contrast, marketing strategy, staff training, and client relations, while crucial to the overall success of the business, are not primarily focused on financial responsibilities. Marketing strategy involves promoting products or services, staff training pertains to improving employee skills and performance, and client relations focus on building and maintaining customer satisfaction and loyalty. While these areas can ultimately impact the financial performance of a business, they do not fit within the direct financial responsibility framework as clearly as a profit-and-loss statement does.