Presented Below Is a List of Terms Relating to Accounting

question 85

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.RTGs
________ 2.Job costing
________ 3.Reorder point
________ 4.Economic order quantity (EOQ)
________ 5.Just-in-time production
________ 6.Computer-integrated manufacturing
________ 7.Flexible manufacturing system (FMS)
________ 8.Finite element analysis
________ 9.Job
________ 10.Fixed asset register
A.A synonym for production order
B.Documents that indicate the sequence of operations required to manufacture a product
C.A system in which items are only produced as they are required in subsequent operations
D.The order quantity that minimizes total inventory cost.
E.A systematic list of assets such as land,buildings,machines,and equipment that is maintained for control purposes
F.A CAM system that incorporates programmable production processes that can be quickly reconfigured to produce different types of products
G.A mathematical model used to determine mechanical characteristics,such as stresses of structures under load
H.Integrates the physical manufacturing system and the manufacturing resource planning (MRP II)systems
I.The level of inventory at which it is desirable to order or produce additional items to avoid an out-of-stock condition
J.Production costs are assigned to production orders

Distinguish experimental psychology's focus on fundamental psychological processes.

Learn about the historical origins of psychology as a science.

Explore different theoretical approaches to understanding psychology, including critical thinking and the scientific method.

Understand the fundamental principles and key figures of various psychological schools of thought.

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Definitions:

Payback Period

The length of time required for an investment to recover its initial outlay in terms of profits or savings, used as a measure of the investment's risk.

Required Rate

The minimum return an investor expects to achieve from an investment, taking into account its risk level.

Internal Rate of Return

A financial metric used to estimate the profitability of potential investments, representing the discount rate that makes the net present value of all cash flows equal to zero.

Managers

Individuals responsible for directing and overseeing the operations and strategic direction of a company or organization.