Benefits Derived from Implementing E-Procurement Systems Include All of the Following

question 42

Multiple Choice

Benefits derived from implementing e-procurement systems include all of the following EXCEPT:

• A)Allows buyers to submit bids and suppliers to respond to those bids in real time
• B)Increases the accuracy in communication between buyers and suppliers
• C)Creates numerous additional job opportunities in the purchasing department
• D)Tracking bids and transactions is easier and faster

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Definitions:

Work in Process Inventory

The inventory that includes goods in the middle of the manufacturing process, not yet completed.

Manufacturing Overhead

Refers to all indirect costs associated with manufacturing a product, including costs related to factory equipment maintenance, utilities, and quality control.

Debit Side

The left side of an account in double-entry bookkeeping, used to record increases in assets, expenses, and losses or decreases in liabilities, equity, and revenue.

Overapplied Overhead

Occurs when the overhead allocated to products or services exceeds the actual overhead costs incurred.