________ is a transaction–processing system that captures financial data resulting from accounting transactions within a company
a. Accounting Information System
b. Accounting Management System
c. Executive Support System
d. Management Information System
a
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What is often referred to as "abusing the cutoff?"
a. Inflating revenues by using implied side agreements. b. Inflating revenues by selling unused assets for a promise to buy them or similar assets back at roughly the same price. c. Inflating current revenues by allowing customers to return products and cancel sales in future periods. d. Inflating revenues by including revenues in the current period that should be recognized in the next period.
An aircraft company would most likely have
A) a high inventory turnover. B) a low profit margin. C) high volume. D) a low inventory turnover.
The basic enforcement mechanism of __________ is a system of on-site inspections by safety and health inspectors
a. OSHA b. Social Security c. workers' compensation d. FLSA
Which one of the following is an advantage of lean systems?
A) Lean systems reduce equipment needs by using larger lot sizes. B) Lean systems can be implemented in any production environment. C) Lean systems result in a decrease in safety stock and work-in-process inventory. D) Lean systems result in an increase in manufacturing lead times.