_____ Is a Formal Mechanism for Gathering, Organizing, and Communicating

question 57

Multiple Choice

_____ is a formal mechanism for gathering, organizing, and communicating information about an organization's activities.

• A)An accounting system
• B)Scorekeeping
• C)Management accounting
• D)Attention directing

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Definitions:

Production

The process of creating goods and services from various resources.

TPS

A Transaction Processing System is an information system that gathers, saves, alters, and provides access to an organization's transaction data.

Make-to-order

A production strategy where manufacturing starts only after a customer's order is received, allowing for customization of products but potentially leading to longer lead times.

Make-to-stock

A production strategy where items are manufactured for stock based on demand forecasts, rather than being custom made to order.