Which System Produces Information Used for Inventory Valuation,budgeting,cost Control,performance Reporting,and

question 55

Multiple Choice

Which system produces information used for inventory valuation,budgeting,cost control,performance reporting,and make-buy decisions?

• A)sales order processing
• B)purchases/accounts payable
• C)cash disbursements
• D)cost accounting

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Definitions:

Quality

The degree to which a product, service, or process meets specified standards, satisfies customer expectations, or exhibits excellence.

Operant Conditioning

A method of learning that occurs through rewards and punishments for behavior, through which an individual makes associations between certain behaviors and their consequences.

B.F. Skinner

An American psychologist known for his work on behaviorism and the development of the theory of operant conditioning.

Albert Bandura

A Canadian-American psychologist known for his work on social learning theory and the concept of self-efficacy.