The Old Inventory Management System Required That Orders Were Entered

question 48

Essay

The old inventory management system required that orders were entered onto a paper form and then a data-entry clerk typed the information into a computer system.In the new system,the data is to be captured at the source.What are the advantages of capturing data at the source as compared to using the old paper form?

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Definitions:

Ordinary General Annuity

An annuity where payments are dispensed at the conclusion of each period, including monthly or yearly intervals.

Present Value

The today's worth of a forthcoming sum of money or succession of cash flows, given a specific rate of return.

Compounded Semi-annually

Interest on a loan or investment calculated twice a year, added to the principal sum, and earning interest thereafter.

Mortgage Loan

A loan secured by real property through the use of a mortgage note, typically used to purchase property.