While the Development and Proliferation of the Internet and Web-Based

question 14

True/False

While the development and proliferation of the Internet and web-based commerce has not completely eliminated the relevancy of facility locations, because of the Internet, the speed of delivery and cost in serving the customer are no longer factors in determining the strategic location of an organization's facilities.

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Definitions:

Asset Accounts

Accounts that track the value of the resources owned by a business, which can include cash, inventory, equipment, and real estate.

Journal

A record where all financial transactions of a business are initially noted before they are transferred to ledger accounts.

Ledger

A comprehensive collection of a company's accounts, documenting all transactions and financial results.