When a Sale Occurs, the Information Resulting from That Sale

question 72

Multiple Choice

When a sale occurs, the information resulting from that sale must flow into the sales recording systems, the accounts receivable and cash collection systems, and the inventory tracking systems.In IT accounting systems, these recording and processing systems are referred to as:

• A)Transaction Processing Systems
• B)Revenue and Cash Processing Systems
• C)Point of Sale System
• D)E-business System

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Definitions:

Middle Management

A level of management in an organization that acts as an intermediary between executive management and operational staff, responsible for implementing organizational policies and strategies.

Systematic Program

A planned set of activities or procedures designed to achieve specific goals or outcomes, often structured and organized in a methodical way.

Employee Development

Organizational efforts aimed at helping employees acquire or enhance skills, competencies, and knowledge necessary for their professional growth and job performance.

Internal Client Relationships

The interactions and services provided within an organization, treating different departments or units as clients to improve efficiency and service quality.