A System of Computer Hardware and Software in Which the Software

question 40

Multiple Choice

A system of computer hardware and software in which the software matches an invoice to its related purchase order and receiving report is called:

• A)Point of sale system
• B)Electronic data interchange
• C)Automated matching
• D)Evaluated receipt settlement

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Definitions:

Patent Amortization

The gradual write-off of the cost of a patent over its useful life to reflect its consumption, expiration, or decline in value.

Franchise Acquisition

The process of acquiring the rights to operate a business under an established company's brand and system.

Research And Development

Activities related to the innovation, improvement, or development of products or processes.

Straight-Line Depreciation

A method of allocating the cost of a tangible asset over its useful life in a linear fashion.