From Your Reading of the Chapter's Opening Case, ACH Food

question 33

Multiple Choice

From your reading of the chapter's opening case, ACH Food Companies implemented new information systems in order to achieve which of the following business objectives?

• A) customer and supplier intimacy
• B) operational excellence
• C) survival
• D) improved decision making
• E) new products and services

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Definitions:

Depreciation Expense

The methodical distribution of the expense of a physical asset over its estimated life span.

Prepaid Expenses

Payments made for goods or services to be received in the future; recognized as assets on the balance sheet until the benefit of the goods or services is realized.

Accrued Expenses

Expenses that have been incurred but not yet paid or recorded in the company's financial statements.

Operating Expenses

Operating Expenses are expenditures that a business incurs through its normal business operations, such as salaries, rent, utilities, and equipment depreciation.