Table 2-1 lists some of the documents used in the revenue, expenditure, and human resources cycle. What kinds of input or output documents or forms would you find in the production (also referred to as the conversion cycle)?
What will be an ideal response?
Answer:
Requests for items to be produced • Documents to plan production • Schedule of items to be produced • List of items produced, including quantity and quality • Form to allocate costs to products • Form to collect time spent on production jobs • Form requesting raw materials for production process • Documents showing how much raw materials are on hand • Documents showing how much raw materials went into production • List of production processes • List of items needed to produce each product • Documents to control movement of goods from one location to another
You might also like to view...
Capital turnover in real estate investments:
A: Is slower than the average commodity; B: Is about the same as in other commodities; C: Is faster than in the stock market; D: Is about average with other commodities.
An acknowledgment may be taken by a notary public who is:
A: The grantee in a deed which is being acknowledged; B: The mortgagee in a mortgage being acknowledged; C: An employee of a corporation who has executed an instrument being acknowledged, if he is not personally interested; D: The grantor in a deed being acknowledged.