How may batch processing be used to improve operational efficiency?
A single transaction may affect several different accounts. Some of these accounts, however, may not need to be updated in real-time. In fact, the task of doing so takes time which, when multiplied by hundreds or thousands of transactions, can cause significant processing delays. Batch processing of non-critical accounts, however, improves operational efficiency by eliminating unnecessary activities at critical points in the process.
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A(n) ____________________ is a fiscal year that starts and ends at the time the stock of goods is normally at its lowest level
Fill in the blank(s) with correct word
At the end of the accounting period, a physical inventory usually is not needed if a perpetual inventory system has been used
Indicate whether the statement is true or false
Standards can be computed for materials, labor, and overhead
Indicate whether the statement is true or false
A management information system's main priority is to provide information to
a. internal parties only. b. line personnel but not staff. c. both external and internal parties. d. external parties only.