Which of the Following Is the Integration of Business Processes

question 11

Multiple Choice

Which of the following is the integration of business processes from end user through original suppliers that provides products, services, and information that add value for customers?

• A) Logistics
• B) Materials handling
• C) Electronic data interchange (EDI)
• D) Supply chain management
• E) Total quality management

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Definitions:

Cost Method

An accounting approach used for investments where the investor has little to no influence over the investee, with the investment recorded at its acquisition cost.

Fair Value

The price that would be received for selling an asset or paid to transfer a liability in an orderly transaction between market participants.

Goodwill Impairment

A financial charge that occurs when the book value of goodwill exceeds its recoverable amount, indicating the asset is not as valuable as previously thought.

Acquisition Differential

The difference between the acquisition cost of an entity and the fair value of its net identifiable assets at the time of acquisition.