An electronic card containing an embedded microchip that enables predefined operations or the addition, deletion, or manipulation of information on the card best defines
A) pocket card.
B) smart card.
C) EPROM card.
D) secure card.
B
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The classification assertion refers to transactions and events being recorded in the correct accounting period.
Answer the following statement true (T) or false (F)
Which of the following is true for direct product profitability analysis?
A) It is highly correlated with the gross margin on a product. B) It is negligible compared to the gross margin on a product. C) It bears little relation to the gross margin on a product. D) It is significantly lower than the gross margin on a product. E) It is exactly the same as the gross margin on a product.
Which of the following types of process is correctly described?
A. A project process is used when the product is unique and typically produced one at a time to the customer’s specifications. B. A job-shop process is used when the processing requirements are identical for each product. C. A continuous process is used when the production process runs from beginning to end of each working day. D. A flexible process is used when the same resources and equipment can be used to produce entirely different products, ranging from refining oil to producing automobiles.
In recent years, the trend in warehousing has been ______.
A. to have fewer but more centralized warehouses B. to have a greater number of warehouses that are more decentralized C. to have a greater number of warehouses that are more centralized D. to have fewer but more decentralized warehouses