The revenue cycle has two subsystems. What are they and what occurs within each?
The two subsystems of the revenue cycle are sales order processing and cash receipts. In the sales order processing subsystem, the sales order is processed, credit granted, goods are shipped, customer is billed, and related files updated (sales, accounts receivable, inventory, etc.). In the cash receipts subsystem, cash is collected and deposited in the bank and files updated (cash, accounts receivable, etc.).
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A plan for how to recover data and its availability after various possible disasters is called:
A) A policy B) A procedure C) A Disaster Plan D) None of the above
When evaluating a decision based on the ethical norm of rights, a manager is MOST likely to consider which of the following questions?
A) Is the decision consistent with what we regard as fair? B) Does the decision respect the individuals involved? C) Is the decision consistent with people's responsibilities to each other? D) Does the decision optimize the benefits for those who are affected by it? E) Does the decision comply with current legislation?