Accounts payable is an example of a(n) _____.
A) enterprise resource planning system
B) supply chain system
C) transaction processing system
D) value chain system

Question

Quizplus · Accepted Answer

Accounts payable is a system for processing and managing transactions related to paying vendors and suppliers. This falls under the category of transaction processing systems, which are used to process routine transactions and keep track of basic business data. Enterprise resource planning (ERP) systems, supply chain systems, and value chain systems are more broad categories of business software that may include accounts payable functionality as one part of a larger system.

Accounts Payable Is an Example of A(n) _____