What Occurs When Steps Are Added to the Value Chain

question 280

Multiple Choice

What occurs when steps are added to the value chain as new players find ways to add value to the business process?

• A)intermediaries
• B)disintermediation
• C)reintermediation
• D)cybermediation

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Definitions:

Single-Column Purchases Journal

An accounting journal used to record all purchase transactions of a business in a single column, typically for the purchase of inventory on credit.

Cash Payments Journal

A business ledger that documents every payment or cash disbursement made by a company.

General Journal

An accounting journal where all types of transactions are initially recorded, before being posted to specific accounts in the ledger.

Accounting System

A systematic process used by entities to track financial transactions and summarize financial data.