Processing Methods

question 109

Multiple Choice

Processing methods:

• A) are the policy and procedures that protect assets from misuse.
• B) must be computerized.
• C) are the means by which the accounting system reports information.
• D) ensure that business laws and regulations are followed.

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Definitions:

Electronic Tendering

The process of conducting the tendering (or bidding) process online, including submission and review of bids, primarily to increase efficiency and reduce costs.

Suppliers

Entities or individuals that provide goods or services to other businesses or consumers, often playing a critical role in supply chains.

Virtual

Something that is not physically existing as such but made by software to appear to do so.

iTunes

A media player, media library, Internet radio broadcaster, and mobile device management application developed by Apple Inc.