Do you think transaction processing systems differ significantly between service and manufacturing industries? Are they equally important to both sectors?

Q: What makes the cost-benefit analysis more difficult for information systems than most other…

A: Cost Benefit Analysis: Cost benefit analysis is conducted to determine whether the proposed system…

Q: Identify the traditionally segregated duties in noncomplex IT systemsand explain how increases in…

A: In the traditional accounting system, the duties related to the transaction authorization,…

Q: how an enterprise system can assist an organization in optimizing its value system.

A:

Q: What are unit-level, batch-level, product-level, customer-level, and organization-sustaining…

A: ABC method: ABC method is activity based cost accounting. It's the new method of accounting where…

Q: How can CVP analysis be used by companies with multiple products?

A: Cost Volume Profit Analysis (CVP Analysis): This analysis is helpful in determining how any type of…

Q: What are the advantages of using HRMS in an organisation?

A: (1) Improved data management. HRMS can handle all employee information as well as…

Q: Distinguish between manufacturing-, merchandising-, and service-sector companies?

A: Manufacturing companies are the  ones which procure raw materials and carry out manufacturing…

Q: What challenges does functional diversity represent for the business environment?

A: Introduction: A business environment is a confluence of internal and external elements and forces…

Q: Which important duties are generally not separated in end-user computing environments?

A: Introduction: End-user computing (EUC) refers to the technology that IT professionals use to…

Q: What is the value of customer relations and customer service?

A: Customer relations is the relationship with customer and the focus of which is to build customer…

Q: Describe how manufacturing, merchandising and service-sector companies differ from one another?

A: Manufacturing Companies: Merchandiser is a person or organization who buys goods with the purpose of…

Q: Why does the high cost of the system negatively impact the organization's bottom line?

A: The question is based on the concept of bottom line of a company and its relationship with high cost

Q: What are the primary reasons for segmenting organizations?

A: Market Segmentation:   Market segmentation refers to research that results in dividing the customers…

Q: the difference in the performance of various firms within an industry limit the usefulness of…

A: The aim of conducting Industry analysis is to identify opportunities in which the investor can put…

Q: Describe why sales and operations planning teams are cross fuxntions ?

A: Sales is basically concerned about exchange of a product or service for either any product, service…

Q: How may batch processing be used to improve operational efficiency?

A: Batch Processing: Batch processing refers to as a process involving multiple transactions which are…

Q: Give two examples of nonnancial measures of internal-business-process quality.

A: Quality: Quality is the special trait possessed by a product that satisfies the needs and wants of…

Q: Is there a difference between computerized and manual accounting systems? What makes these two…

A: Introduction: The term "computerized accounting system" refers to the use of computer…

Q: Why is it important to consider workforce capability and capacity in designing and sustaining high…

A: Workforce capability refers to the ability of an organization to accomplish its goals such as…

Q: Explain the difference between a centralized company and a decentralized company.

A: The top management's approval is needed for all lower level actions, subjects and decisions in…

Q: the differences between service business and merchandising business?

A: Merchandise business is a kind of business wherein revenues are earned by providing or selling goods…

Q: What are the two dimensions of the activity-based management model?How do they differ?

A: Activity based costing is a type of costing method which allocate indirect cost based on their…

Q: What is supply-chain analysis, and how can it benefit manufacturers and retailers?

A: Describe a supply chain analysis.   A supply chain refers to a network between the organisation and…

Q: Give one importance of the following in strategic cost management: (i) Business environment, (ii)…

A: Cost accounting is the branch of accounting that inspects the cost structure of a business. This…

Q: Is it possible to respond in an agile manner to customer requirements in a global sourcing…

A: Sourcing Is the process of locating and selecting businesses based on set criteria. It happens in…

Q: What is a full-service supplier? What are the benefits of using full-service suppliers?

A: Full service supplier - A supplier who is capable of providing wide range of activities including…

Q: What are enterprise systems? How do they change the way an organization work? List down few Costs &…

A: The Enterprise System is a collection of linked software modules and a central database that allows…

Q: regardless of the nature of company's production system, there will always be resources that are…

A: Production costing system: Product costing plays a significant role in the manufacturing…

Q: Briefly discuss how differentiated products in a monopolistic competitive framework can arise.

A: It is the primary characteristic of the monopolistic competition that there is product distinction.…

Q: What kinds of challenges occurs in the Cost Control and Cost Reduction in the Manufacturing conce

A: Cost Control is different from cost reduction Cost Control focuses/emphasizes on decreasing the…

Q: Discuss the differences between internal and external users of information and their needs and…

A:

Q: Contrast centralized data processing with distributed data processing. How do the roles of end users…

A: Accounting Information system is a set of components used for gathering, making, storing, preparing,…

Q: How can ABM be used by service companies?

A: Activity Based Management Activity-based management is refer as the one of the cost management…