Which of the Following Is True of a Group Support

question 7

Multiple Choice

Which of the following is true of a group support system (GSS) ?

• A) It requires the presence of the human touch.
• B) It makes people schedule more meetings than required.
• C) It reduces stress levels of decision makers.
• D) It provides high security for the data being exchanged.

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Definitions:

Net Method

An accounting technique where discounts for early payment are assumed to be taken, reducing the amount recorded as accounts receivable.

Periodic Inventory System

An inventory valuation method where the inventory count and cost of goods sold is determined at the end of the accounting period.

Terms 4/15, N/60

A commercial credit term indicating that a 4% discount is available if paid within 15 days, with the net (full) amount due within 60 days.

Discount Lost

The expense incurred when a company fails to take advantage of the early payment discounts offered by suppliers.