Refer to the Scenario Below to Answer the Questions That

question 62

Multiple Choice

Refer to the Scenario below to answer the questions that follow.
Information Controls (Scenario)
Computing Solutions,Inc.,is a high-tech consulting firm that focuses on helping companies to implement and adapt new technological developments in daily operations.Ted is the department head and needs to train John and Kelly,both project managers,on the proper applications of technological solutions for businesses.
-Before beginning the training session,Ted informs both John and Kelly that a(n) ________ system is used to provide management with needed information on a regular basis.

• A)information exchange
• B)management data
• C)database
• D)management information
• E)electronic interchange

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Definitions:

Merchandise Inventory

Goods or products that a retailer, wholesaler, or distributor holds for the purpose of resale to customers.

FOB Shipping Point

A shipping term indicating that the buyer assumes ownership and risk of loss of goods at the point of origin, and is responsible for freight costs.

Title

A legal term referring to the official right to own or possess property.

Inventory Records

Documented information about the quantity, type, and location of inventory a business has on hand or in transit.