The Income Statement Line Item Most Likely Affected by an AIS

question 28

Multiple Choice

The income statement line item most likely affected by an AIS investment in supply chain that would interface with suppliers would be:

• A)Revenues.
• B)Cost of Goods Sold.
• C)Selling,General and Administrative Expenses.
• D)Research and Development Expenses.

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Definitions:

Donuts

A type of fried dough confection or dessert food, often sweetened or glazed.

Comparative Advantage

The skillfulness of an individual or team in performing a particular economic function more proficiently than another task.

Bushels

A unit of volume that is used in dry commodities trading, commonly used in agriculture for measuring grains.

Corn

A cereal plant that yields large grains, or kernels, set in rows on a cob; a major grain crop in various parts of the world.