The Hide and Seek Company Has Retail Outlets at Both

question 25

Multiple Choice

The Hide and Seek Company has retail outlets at both large malls and small strip malls throughout Canada. Its accounting information system is able to track total revenues by store, by type of mall, by size of the store, by province, and by region. This is an example of which feature of a good information accounting system?

• A)flexibility
• B)favourable cost/benefit relationship
• C)compatibility
• D)control

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Definitions:

Supply Chain

A network between a company and its suppliers to produce and distribute a specific product to the final buyer.

Inventory Management

The practice of ordering, storing, tracking, and controlling inventory to ensure availability while minimizing costs.

Insource

refers to shifting jobs or tasks that were previously outsourced back within the organization, often to maintain control or reduce costs.

Outsource

The practice of hiring third-party service providers to perform tasks, handle operations, or provide services that are either difficult to manage or are outside the company's expertise.