A Commonly Used Computerized Means of Integrating Order Processing with Production

question 27

Multiple Choice

A commonly used computerized means of integrating order processing with production, inventory, accounting, and transportation is

• A) web-based inventory management.
• B) just-in-time.
• C) electronic data interchange.
• D) universal product codes.
• E) activity-based management.

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Definitions:

Salaries

Employee pay based on a specified amount rather than an hourly rate.

Interest

The cost of borrowing money or the return on invested funds, typically expressed as a percentage rate over a period of time.

Capital Account

An account used to summarize the owner's equity in a business, including funds contributed by investors or profits retained in the business rather than distributed.

Income Sharing

A financial arrangement where profits or revenues are distributed among participants or partners, often seen in partnerships and joint ventures.