Which of the Following Was a Problem That CBI's Warehouse

question 6

Multiple Choice

Which of the following was a problem that CBI's warehouse faced before implementing SAP?

• A) The warehouse was not given a specific database to enter details regarding inventory.
• B) The warehouse manager could not update the database without the approval of the accounting department.
• C) The purchase department used to handle shipments instead of the warehouse.
• D) The warehouse used to pick and pack inventory before receiving final approval.

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Definitions:

Outstanding Checks

Checks that have been written and recorded in the payer's accounting system but have not yet been cashed or cleared by the bank.

Adjusted Cash Balance

A financial metric representing the amount of available cash after accounting for adjustments such as outstanding checks or deposits in transit.

Check Register

A record book used to keep track of all the checks issued, deposits made, and current balance in a checking account.

Bank Statement

A summary of financial transactions that have occurred over a given period on a bank account.