Just-In-Time Systems Enable Accountants to Spend

question 179

Multiple Choice

Just-in-time systems enable accountants to spend

• A)more time on inventory valuation for external reporting and less time obtaining data for managerial decisions.
• B)less time on inventory valuation for external reporting and more time obtaining data for managerial decisions.
• C)no time on inventory valuation for external reporting and more time obtaining data for managerial decisions.
• D)less time on inventory valuation for external reporting and no time obtaining data for managerial decisions.

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Definitions:

Technology Newness

The extent to which technology involved in a project or product is newly developed or previously unused within a particular context or industry.

Project Management

The discipline of initiating, planning, executing, controlling, and closing the work of a team to achieve specific goals.

Technological Complexity

The level of difficulty or intricacy involved in understanding, developing, or implementing technology.

Team's Familiarity

The level of knowledge and competence a team has with each other's skills, project content, and working processes.