The Oxford Corporation Has the Following Eleven Master Files $\quad$

question 70

Multiple Choice

The Oxford Corporation has the following eleven master files:
* Accounts payable $\quad$$\quad$$\quad$ * Raw materials inventory
* Accounts receivable $\quad$ $\quad$ *Sales summary
* Bill of materials $\quad$$\quad$$\quad$$\quad$ * Vendor history
* Finished goods inventory $\quad$ * Work in process inventory
* Open production orders $\quad$$\quad$ * Operations list (labor operations and
* Open purchase orders $\quad$$\quad$ machine requirements for production)



-Master files maintained as part of the sales order processing system are:

• A)Accounts receivable, bill of materials, sales summary
• B)Accounts payable, accounts receivable, finished goods inventory
• C)Accounts receivable, sales summary, operations list
• D)Accounts receivable, finished goods inventory, sales summary
• E)Accounts receivable, sales summary, vendor history

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Definitions:

Market Equilibrium

A condition where supply equals demand, and the market price becomes stable.

Competitive Industry

An industry characterized by numerous competitors, where businesses vie for market share by offering unique products, prices, or services.

Market Demand

The overall sum of a particular good or service that consumers in a marketplace are prepared and able to buy across a range of prices.

Market Equilibrium

A situation in a market where the quantity of a product demanded by consumers equals the quantity supplied by producers, leading to a stable price.