An Inventory Management System That Goes Beyond Just Managing Inventory

question 35

Multiple Choice

An inventory management system that goes beyond just managing inventory to act as a complete distribution system (including inventory, order, shipping, and transportation management among other features) is often referred to as a ____ management system (WMS) .

• A) warranted
• B) warehouse
• C) wireless
• D) world

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Definitions:

GAAP

A series of standard accounting protocols and measures adopted broadly for financial statement compilation.

R&D Expense

Expenses incurred in the process of discovering, developing, and enhancing a company's products or services, categorized as operating expenses.

Purchased Goodwill

The amount paid in excess of the fair market value of net assets during the acquisition of a company.