The Different Types of Information Systems That Have Been Developed

question 66

Multiple Choice

The different types of information systems that have been developed to support certain aspects and types of decisions are collectively called_____. ​

• A) management support systems
• B) supply chain management systems
• C) electronic meeting systems
• D) geographic information systems

---

Definitions:

Accounts Receivable

Accounts Receivable represents the money owed to a company by its customers for goods or services that have been delivered but not yet paid for.

Credit Sales

Sales made by a business where the payment is delayed, typically documented with an invoice and recorded in accounts receivable.

Receivables Financing

A type of financing where a company uses its accounts receivable as collateral to secure short-term financing, improving liquidity.

Operating Cycle

The time period between the acquisition of inventory by a business and the collection of cash from accounts receivable.