Which of the following describes the production budget?
A) It aids in planning to ensure the company has adequate inventory and cash on hand.
B) It provides the quantity of finished goods to be produced during a budget period.
C) It depicts the breakdown of sales on the basis of terms and conditions of collection of sales revenue.
D) It helps in planning to ensure the business has adequate cash.
B) It provides the quantity of finished goods to be produced during a budget period.
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Which statement is not correct?
a. Only successful transactions are recorded on a transaction log. b. Unsuccessful transactions are recorded in an error file. c. A transaction log is a temporary file. d. A hardcopy transaction listing is provided to users.
Which of the statements regarding a data warehouse is incorrect?
A. The purpose of a data warehouse is to provide a rich data set for management to identify patterns and to examine trends of business events. B. Includes data for the current fiscal year only. C. The data in a data warehouse is pulled from each of the operational databases periodically. D. It is a centralized collection of firm-wide data.
Which of the following statements best represents when an organization can begin to focus on its discretionary or philanthropic responsibilities?
A. An organization should pursue discretionary responsibility even when it is not meeting its economic requirements. B. An organization should pursue discretionary responsibility after it meets its economic, legal, and ethical responsibilities. C. An organization should pursue discretionary responsibility as long as it is meeting its economic requirements. D. An organization should pursue discretionary responsibility above legal responsibility.
Improvements in which form of nonstore retailing include touchscreens, credit card readers, wireless payment technology, and better energy efficiency?
A. television home shopping B. telemarketing C. automatic vending D. direct mail E. online retailing