Which of the Following Statements Is True

question 86

Multiple Choice

Which of the following statements is true?

• A)The information process facilitates operations by maintaining inventory and customer data.
• B)The information process provides the means by which management monitors the operations process.
• C)Operations-related processes and accounting-related processes are integrated.
• D)All of the statements are true.

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Definitions:

Physical Inventory

A process of counting the actual inventory on hand at a particular point in time.

Units Available

The total quantity of goods a company has ready for sale or production usage at any given time.

Retail Method

An accounting method to estimate inventory value by applying a consistent markup to the cost of merchandise, used often in the retail industry.

Estimated Cost

An approximation of the cost for goods, services, or construction projects, based on experience, forecasting, and/or information about similar transactions.