Which of the Following Is the Revolutionary Management Accounting Tool

question 79

Multiple Choice

Which of the following is the revolutionary management accounting tool that tends to reduce waste associated with inventories?

• A) ABC
• B) JIT
• C) Economic value added
• D) TQM

Understand the ecological roles and adaptations of marine invertebrates, including feeding mechanisms and predator avoidance strategies.

Describe the process and significance of segmentation in annelids and its impact on locomotion.

Recognize the relationship between structure and function in the anatomy of mollusks.

Understand the concept and importance of market definition.

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Definitions:

Credit Memo

A credit memo is a document issued by a seller to a buyer, reducing the amount that the buyer owes the seller under the terms of an earlier invoice.

Perpetual Inventory System

An accounting method that records the sale or purchase of inventory immediately through computerized point-of-sale systems and Enterprise Resource Planning systems.

Periodic Inventory System

An inventory accounting system where updates to inventory levels are made at specific intervals, rather than continuously.

Purchases Discounts

Purchases discounts are reductions in price given by suppliers to buyers for early payment of invoices.