Which of the Following Is Least Likely to Be Part

question 10

Multiple Choice

Which of the following is least likely to be part of the relevant environment of the GL/BR process?

• A)the order entry/sales process
• B)the billing/accounts receivable/cash receipts process
• C)the purchasing/accounts payable/cash disbursements process
• D)the inventory process

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Definitions:

Round Calculations

The process of adjusting numerical values to a specified degree of precision, often used in financial and statistical analysis to simplify figures.

Machine-Hours

A measure of production time, quantifying the hours a machine is operated in the manufacturing of a good.

Activity Rate

The activity rate is a cost accounting term that refers to the rate at which indirect costs are allocated to products or services based on specific activities.

Activity-Based Costing

An accounting method that assigns costs to products or services based on the activities and resources used in the production or delivery process.