A Relocation Control System That Reports Summaries on the Total

question 33

Multiple Choice

A relocation control system that reports summaries on the total moving,house hunting,and home financing costs for employees in all company divisions falls into which of the following categories?

• A)KMS
• B)TPS
• C)ESS
• D)MIS
• E)DSS

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Definitions:

Expense Recognition Principle

An accounting principle that states expenses should be recognized and recorded when they are incurred, regardless of the timing of cash payments.

Financial Statements

Papers that give a summary of a corporation's financial status, featuring the balance sheet, income statement, and statement of cash flows.

Fiscal Year

A 12-month period used for accounting purposes that may not coincide with the calendar year.

Lifetime Operations

The entire period during which an entity or project is expected to operate or function, from inception to completion or cessation.