Which of the Following Is NOT One of the Features

question 99

Multiple Choice

Which of the following is NOT one of the features of an operational control information system?

• A) to assist in continuous improvement of all aspects of the business
• B) to improve the value received by customers
• C) to provide product cost information needed by management
• D) to improve profits by improving value

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Definitions:

Materials Costs

The expense incurred by a company for the raw materials used in manufacturing or producing goods.

First-In, First-Out Method

A method of valuing inventory whereby the costs of the first items bought or manufactured are the first ones accounted for in the calculation of the cost of goods sold.

Cost Of Ending Work

The total cost related to the unfinished work or inventory at the end of an accounting period.

Assembly Department

A section within a manufacturing facility where components are put together to make a finished product.