Geminia System,manufacturer of Car Components,wants to Set Up a System

question 54

Multiple Choice

Geminia System,manufacturer of car components,wants to set up a system that will help in sending invoices to its customers once orders for input supply are placed.Which of the following should the company use to perform this function?

• A) Computer-aided design system
• B) Lean production
• C) Just-in-time inventory system
• D) Electronic data interchange
• E) Social networking

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Definitions:

Insufficient Credit

A condition where an individual or entity lacks the necessary borrowing capacity due to limited credit history or poor credit ratings.

Open Charge Account

A type of credit account that allows customers to make purchases up to a pre-approved limit and pay for them at a later date.

Installment Account

A credit account where the borrower repays the principal and interest in regular, scheduled payments.

Line of Credit

A flexible loan arrangement with a financial institution that allows a borrower to draw funds up to a specified limit as needed.