A Total ____ Is Where Orders Are Processed, Credit Is

question 9

Multiple Choice

A total ____ is where orders are processed, credit is verified, transactions are completed, debits are issued, shipping is alerted, and inventory is reduced, all electronically.

• A) e-business model
• B) e-business site
• C) e-business concept
• D) e-business transport

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Definitions:

Normal Credit

In accounting, it refers to the balance side (either credit or debit) that is expected for a particular type of account; for liability accounts, equity accounts, and revenue accounts, it is typically a credit balance.

Asset

Resources owned or controlled by a company expected to provide future economic benefits.

Liability

A financial obligation or debt that a company is required to repay to another entity in the future.

Statement of Cash Flows

A financial report that provides aggregate data regarding all cash inflows and outflows a company receives from its ongoing operations, investment activities, and financial activities over a period.