Which Process Involves the Handling of a Credit Transaction,issuing Receipts,forwarding

question 87

Multiple Choice

Which process involves the handling of a credit transaction,issuing receipts,forwarding orders to a warehouse,and shipping goods to a final consumer?

• A)logistics
• B)order fulfillment
• C)inventory management
• D)third-party logistics

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Definitions:

Process Costing

An accounting methodology that traces and accumulates direct costs, and allocates indirect costs, of a manufacturing process.

FIFO Method

An inventory valuation method that assumes the first items placed in inventory are the first sold or used.

Process Costing

A costing method used in industries where production is continuous, allocating costs to products based on the process they go through.

Assembly Department

A segment of a manufacturing process where components are put together to assemble a final product.