Presented Below Is a List of Terms Relating to Accounting

question 130

Short Answer

Presented below is a list of terms relating to accounting information systems,followed by definitions of those terms.
Required: Match the letter next to each definition with the appropriate term.Each answer will be used only once.
________ 1.Advanced integration technologies (AIT)
________ 2.Bill of materials
________ 3.Solids modeling
________ 4.Job time cards
________ 5.Cost driver
________ 6.Vendor-based coding
________ 7.Process costing
________ 8.EOQ
________ 9.Routings
________ 10.Inventory status report
A.Lists the raw materials that are necessary to produce a product
B.The optimum order amount that minimizes total inventory cost
C.Consists of EDI,automatic identification,and distributed processing
D.An element that influences the total cost of an activity
E.A summary that details the resources available in inventory
F.Used to document the amount of labor time that is spent working on each production project
G.The mathematical representation of a part as a solid object in computer memory
H.Having a purchaser (i.e.,retailer)utilize a vendor's product codes as its own product codes for the same products
I.Production costs are compiled by department rather than by job
J.Documents that indicate the sequence of operations required to manufacture a product

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Definitions:

Double Recovery

The act of obtaining compensation from two different sources for the same injury, loss, or damages, which is legally prohibited.

Third Parties

Individuals or entities that are not directly involved in a two-party agreement or transaction but may be affected by it or have interests in its outcome.

Co-insurance Clause

A provision in an insurance policy requiring the policyholder to bear a portion of the losses to the extent of a specified percentage.

Fireproof

A characteristic of materials or structures that are resistant to fire and are able to withstand high temperatures without catching fire or sustaining significant damage.