Which Types of Systems Are Widely Used by Manufacturing and Distribution

question 62

Multiple Choice

Which types of systems are widely used by manufacturing and distribution firms to connect to suppliers on a global basis?

• A)TPS systems
• B)EDI systems
• C)CRM systems
• D)enterprise systems
• E)management information systems

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Definitions:

Fair Value

An estimated market price for an asset or liability, reflecting what both parties in a transaction are willing to exchange based on current market conditions.

Fair Value

The cost that would be incurred to transfer a liability or the revenue expected from selling an asset, during a structured exchange among participants in the market, at the point of measurement.

Consolidated Financial Statements

Financial statements that integrate all assets, liabilities, equity, income, expenses, and cash flows of a parent company and its subsidiaries into one document.

Goodwill

An intangible asset that arises when a company acquires another company for a price higher than the fair value of its net identifiable assets and liabilities.