It Is Necessary for a Company to Use the Same

question 33

True/False

It is necessary for a company to use the same depreciation method for all of its depreciable assets.

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Definitions:

CIM

Computer Integrated Manufacturing, a method of manufacturing where the entire production process is controlled by computer.

MRP

Material Requirements Planning is a system employed for production planning, scheduling, and managing inventory, aimed at optimizing manufacturing processes.

CRM

Customer Relationship Management, a strategy and technology for managing a company's interactions with current and potential customers.

TPS

An information system known as the Transaction Processing System is built to accumulate, preserve, change, and access transactions data for an organization.