The Overloaded System Does Not Have to Turn Away Orders

question 6

Multiple Choice

The overloaded system does not have to turn away orders if the customer agrees to wait until other customers' jobs are finished.When no current inventory is available,these _____ must wait until supply catches up with demand.

• A)work-in-process
• B)finished goods
• C)raw materials
• D)back orders

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Definitions:

Revenues

The total income generated from normal business operations and other activities over a period of time.

Expenses

Outflows or utilizing of assets, incurring liabilities resulting from operating activities, typically categorized into cost of goods sold, operating expenses, and non-operating expenses.

Chart Of Accounts

A systematic listing of all account titles and numbers being used by an organization to track its financial transactions and to prepare financial statements.

Balance Sheet Accounts

Financial accounts that represent the assets, liabilities, and shareholders' equity of a company at a specific point in time, as shown on the balance sheet.