Information Technology Can Be an Important Tool in Which of the Five

question 14

Multiple Choice

Information technology can be an important tool in which of the five generic elements of an AIS?

• A)Inputs and outputs only
• B)Outputs and storage only
• C)Processes and storage only
• D)Any of the elements

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Definitions:

Sales

The transactions involving the exchange of goods or services for money, representing a key revenue source for most businesses.

Indirect Costs

Expenses related to operations that are not directly tied to a specific product or service, such as overhead or administrative expenses.

Cost Of Goods Manufactured

The total production cost of goods that are completed during a specific accounting period, including materials, labor, and overhead.

Cost Of Goods Manufactured

The total expense incurred by a company to produce goods during a specific period, including labor, material, and overhead costs.