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Presented Below Is a List of Terms Relating to Accounting

Question 129

Matching

Presented below is a list of terms relating to accounting information systems, followed by definitions of those terms.
Match the appropriate term with each definition. Each answer will be used only once.

Premises:
RTGs
Job costing
Reorder point
Economic order quantity (EOQ)
Just-in-time production
Computer-integrated manufacturing
Flexible manufacturing system (FMS)
Finite element analysis
Job
Fixed asset register
Responses:
A synonym for production order
Documents that indicate the sequence of operations required to manufacture a product
A system in which items are only produced as they are required in subsequent operations
The order quantity that minimizes total inventory cost.
A systematic list of assets such as land, buildings, machines, and equipment that is maintained for control purposes
A CAM system that incorporates programmable production processes that can be quickly reconfigured to produce different types of products
A mathematical model used to determine mechanical characteristics, such as stresses of structures under load
Integrates the physical manufacturing system and the manufacturing resource planning (MRP II) systems
The level of inventory at which it is desirable to order or produce additional items to avoid an out-of-stock condition
Production costs are assigned to production orders

Correct Answer:

RTGs
Job costing
Reorder point
Economic order quantity (EOQ)
Just-in-time production
Computer-integrated manufacturing
Flexible manufacturing system (FMS)
Finite element analysis
Job
Fixed asset register
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