Operational Support Systems Are the Information Systems That Are Designed

question 2

True/False

Operational support systems are the information systems that are designed to provide support for effective decision making.

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Definitions:

Inventory

Goods and materials that a business holds for the ultimate goal of resale or production.

Perpetual Inventory System

A method of accounting for inventory that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.

Journal Entries

Transactions registered in a ledger that form the basis of all financial reporting and accounting.

Adjusting Entries

Journal entries made in accounting records at the end of an accounting period to update the accounts for accruals and deferrals.