_____ Systems Are Often Used to Empower Employees to Track

question 42

Short Answer

_____ systems are often used to empower employees to track and record data at nearly every point of customer contact.

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Definitions:

Inventories

Tangible property held for sale in the ordinary course of business, under production for such sale, or to be used in producing goods.

Process Costing System

A method of allocating production costs to products and services based on the processes they go through, common in industries where products are indistinguishable.

Costs Flow

The movement and allocation of costs through different stages of production or services within a company.

Finished Goods

Products that have completed the manufacturing process but have not yet been sold to customers.