Match the Following Transaction Processing Systems to the Activities

question 44

Multiple Choice

Match the following transaction processing systems to the activities.
-inventory control

• A)record transactions
• B)reduce the number of items in stock
• C)print employee paychecks
• D)buy new stock from vendors
• E)record what customers owe
• F)print a check for a vendor
• G)summarize monthly income and expenses

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Definitions:

Independent Demand

The need for a product or service that is not influenced by the demand for other products, often applied in inventory management and forecasting.

Inventory

The raw materials, work-in-process products, and finished goods considered to be part of a business's assets that are ready or will be ready for sale.

Inventory Carrying Cost

The total expenses associated with holding inventory, including storage, insurance, taxes, opportunity costs, and potential obsolescence.

Product Value

The importance or worth that a product holds for a customer, often determined by its utility, quality, and satisfaction it provides.