Which of the Following Factors Determines the Structure, Features, and Functions

question 56

Multiple Choice

Which of the following factors determines the structure, features, and functions of an information system used in a company?

• A) the competitive strategy
• B) the value of its brands
• C) the size of the company
• D) the number of competitors
• E) the company's PE ratio

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Definitions:

First-In, First-Out

A method of valuing inventory that presumes items are sold in their purchase sequence, first selling the oldest products.

Purchase Order

An official document issued by a buyer to a seller, indicating types, quantities, and agreed prices for products or services.

Approved Vendor

A supplier who has been vetted and meets a company's criteria for quality, reliability, and price.

Gross Profit Method

A method of estimating inventory cost that is based on the relationship of gross profit to sales.