Transaction-Processing Systems _____

question 95

Multiple Choice

Transaction-processing systems _____.

• A)involve low volumes of data
• B)require extensive managerial judgment
• C)involve operations that are repetitive
• D)require maximum human involvement

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Definitions:

Factory Overhead

All indirect costs associated with manufacturing, including costs related to operating the factory except for direct materials and direct labor.

Direct Labor

The expense of salaries for workers directly engaged in creating products or delivering services.

Product Costs

Costs that are directly associated with the manufacturing of goods, including materials, labor, and overhead.

Direct Materials Used

The actual amount of raw materials consumed in the production process of goods.