ACC 564 Course Great Wisdom / tutorialrank.com ACC 564 Course Great Wisdom / tutorialrank.com | Page 40

Question 13 How is credit approval generally handled for established customers with a documented payment history? Question 14 The manager of Callow Youth Clothing was entering an order online from Sad Clown Pajamas. He ordered 100 one-size fits all pajama bottoms, but when he ordered 1000 one-size fits all pajama tops, the following error message popped up: "Did you mean to enter a quantity of 1000 for your order?" This message is the result of a Question 15 The activities involved in soliciting and processing customer orders within the revenue cycle are known as the ________. Question 16 What is the key difference between the MRP and JIT inventory management approaches? Question 17 A(n) ________ system posts an approved invoice to the vendor account and stores it in an open invoice file until payment is made by check. Question 18 Bob Chum is the sales manager at Folding Squid Technologies. At lunch with the company CEO, he proudly announced that he had received a ________ from a client to buy a large quantity of components from Folding Squid. Question 19