In a Quick Response Manufacturing System,internal Controls

question 104

Multiple Choice

In a quick response manufacturing system,internal controls

• A) should be established after the information system is designed and tested.
• B) must be included within the design and development of the system.
• C) should be based on existing manual controls.
• D) can be excluded in such a system because there is so little human intervention in processing transactions.

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Definitions:

Quantity Demanded

The amount of a good or service that consumers are willing to purchase at a given price at a specific time.

Total Revenue

The total receipts from sales of goods or services provided by a company.

Perfectly Competitive Market

A market structure characterized by many buyers and sellers, all of whom have full information and the products are homogeneous, leading to no single buyer or seller being able to influence the market price.

Quantity Of Output

The total amount of goods or services produced by a company, sector, or economy during a specified period.