What Are the Three Business Functions an MIS Infrastructure Supports

question 162

Multiple Choice

What are the three business functions an MIS infrastructure supports?

• A) Supports operations, change, and the environment or sustainability
• B) Supports operations, customers, and ewaste
• C) Supports operations, clients, and servers
• D) Supports information, change, and business continuity planning

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Definitions:

First-In, First-Out Method

An inventory valuation method where the oldest inventory items are recorded as sold first, with the cost of these oldest items used for accounting purposes.

Weighted-Average Method

An inventory costing method that averages the cost of goods available for sale and assigns the average cost to ending inventory and cost of goods sold.

Step-Down Method

An indirect method of cost allocation that allocates costs of service departments to producing departments in a sequential manner.

Service Department Cost Allocation

The process of assigning indirect costs from service departments (like maintenance or HR) to producing departments based on their usage of services.