A(n)________ Collects Data from Various Key Business Processes and Stores

question 86

Multiple Choice

A(n) ________ collects data from various key business processes and stores the data in a single comprehensive data repository, usable by other parts of the business.

• A)transaction processing system
• B)enterprise system
• C)automatic reporting system
• D)management information system

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Definitions:

Direct Labor

Labor costs directly associated with the manufacturing of products or provision of services, typically measured in hours worked or wages paid.

Goods in Process

Inventory items that are in the production process but are not yet complete, also known as work-in-process (WIP).

Applied Manufacturing Overhead

The amount of manufacturing overhead costs allocated to each unit of production, based on a predetermined overhead rate.

Raw Materials

Raw materials are the unprocessed or minimally processed resources used to produce goods, forming the basic input in manufacturing processes.