The Different Types of Information Systems That Have Been Developed

question 74

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
• E) Select

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Definitions:

Estimated Inventory Returns

An approximation of the amount of inventory that is expected to be returned by customers over a specified period.

Normal Account Balances

The typical or expected balance of an account based on its classification in accounting, such as debit for assets and credit for liabilities.

Refund Liability

An obligation recorded on the company's balance sheet, representing the expected refunds to customers for returns or dissatisfaction over a period.

Estimated Inventory Returns

The estimated amount of goods a company predicts will be returned by customers after purchase.