Identify the Most Correct Statement with Regard to How the Various

question 9

Multiple Choice

Identify the most correct statement with regard to how the various accounting subsystems update the general ledger.

• A)Individual journal entries for each accounting subsystem transaction update the general ledger every 24 hours.
• B)Summary journal entries that represent the results of all transactions for a certain time period are used to update the general ledger.
• C)The controller or treasurer must approve accounting subsystem journal entries before any updating may occur.
• D)Nonroutine transactions are entered into the system by the treasurer's office.

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Definitions:

Aggregate Decisions

Aggregate Decisions are strategic choices made at the corporate or strategic business unit level, focusing on overall capacity, investment, and long-term resource allocation.

SKU-Level Decisions

involves making strategic choices about product stocking, pricing, promotions, and inventory management at the specific stock keeping unit (SKU) level.

Forecasts

Predictions or estimates about future events, trends, or behaviors, often based on data analysis or modeling.

Flexibility

Flexibility in business operations refers to the ability to adapt to changes, modify schedules, and adjust processes quickly in response to new conditions or demands.