When Top Management Directs and Controls All Functions of the Computer

question 69

Multiple Choice

When top management directs and controls all functions of the computer information system through a chief information officer,the system is said to be:

• A)centralized.
• B)decentralized.
• C)effective.
• D)outsourced.

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Definitions:

Ending Inventory

The total value of goods available for sale at the end of an accounting period, calculated by adding purchases to beginning inventory and subtracting cost of goods sold.

Fabrication Department

A specialized sector within a manufacturing facility focused on constructing components or products by cutting, shaping, assembling, and finishing raw materials.

Equivalent Units

A concept in cost accounting used to express the amount of work done by manufacturers in terms of fully completed units of output.

Conversion Cost

The sum of direct labor and manufacturing overhead costs, representing the expenses necessary to convert raw materials into finished goods.