________ Is an Efficient Way to Track and Process Information

question 58

Multiple Choice

________ is an efficient way to track and process information about raw materials used in production.

• A)A just-in-time inventory system
• B)Identifying materials with bar codes or RFID tags
• C)A materials resources planning inventory system
• D)Job-order costing

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Definitions:

Innocent Misrepresentation

A misrepresentation made without fault or knowledge of its falsity, which may allow the misled party to void the contract but not claim damages.

Intentionally Deceptive

Deliberately misleading actions or statements designed to make someone believe something that is not true.

Ratification

The action of officially approving or confirming a previous act or decision, which was made without authorization or was otherwise questionable, to make it legally valid.

Voidable Contract

A contract that remains valid until one party, who is entitled to do so because of a defect in the contract formation, chooses to void it.