Morgan's Company Has Outsourced Its Accounting Process to a Small

question 59

Multiple Choice

Morgan's company has outsourced its accounting process to a small firm in India. Morgan needs to discuss some quality control measures with the firm's managers. He conducts the meeting via videoconference. Given the nature of the meeting, it can also be called a(n) ________ meeting.

• A) concurrent
• B) parallel
• C) asynchronous
• D) virtual

---

Definitions:

Accounts Payable

Liabilities owed by a business to its creditors for goods and services purchased on credit.

Cash Flow

The total amount of money being transferred into and out of a business, especially as affecting liquidity.

Operations

Activities involved in the day-to-day running of a business for the purpose of producing value for the stakeholders.

Accounts Receivable

Money owed to a company by its customers for goods or services provided on credit.