Sales documents are one of the inputs accounting documents of the accounting system process

Customization aims to make a unique product or provide a specific service to specific individuals. Although it once may have seemed impossible, mass customization, which means tailoring products to meet the needs of a large number of individual customers, is now practiced widely.

The accounting cycle is a set of steps that are repeated in the same order every period to keep track of what happened in the business and to report the financial effect of those transactions. The accounting cycle is the financial process starting with obtaining data from business transactions and leading up to preparation of financial statements. This cycle starts when a business transaction occurs. It will end when the transaction has been included in the financial statements or reports of the company.

The return on assets ratio measures the overall profitability of assets in terms of the income earned on each dollar invested in assets. The correct answer is A.

Human skills (soft skills) must be most mastered by middle level managers. The basic function of middle management is leading their departments’ activities and inspiring employees with high performance for contributing to the ultimate organizational goals. Middle managers also play a critical role as a bridge between top management and first-line management for transferring messages, expectations, or directives from top to bottom and vice versa.

A measure of the amount of long-term financing provided by debt relative to equity is called the debt-to-equity ratio.

Accounting consists of three basic activitieS; it identifies, records and communicates the economic events of an organization to interested users. The correct answer is A.

A transaction is an event that affects the financial position of the enterprise and requires recording.

Branding involves a set of marketing and promotion activities that promote the brand, aiming to have a persistent image in consumers’ minds. Branding is the most strategic investment of the company.

Advertising is the most expensive but the most effective (in terms of the number of people reached with one message) contact method.

Just-In-Time (JIT) production is a Japanese management philosophy applied in manufacturing which involves having the right items of the right quality and quantity in the right place and the right time.

 The job-shop process is used when a company manufactures several different products that require different types of processing and processing for different products is performed in different sequences.

Efficiency ratios (Activity ratios) measure how efficiently a firm manages its assets. Efficiency ratios use turnover measures to show how efficiently
a company operates and uses its assets.

Options A,B and C are advantages of external recruiting sources whereas option D is a disadvantage of external recruiting.

It is clear that using internal recruiting sources causes a succession of promotions. The correct answer is E.

Business people generally use software for writing, manipulating numbers, filling and retrieving data, presenting information visually, communicating, and accounting. Today, many large and midsized companies have made capital investments in the enterprise systems. Enterprise resource planning (ERP) software, which is a form of integrated software, combines all of a company’s computerized functions into a single, integrated software program that runs off a single database, allowing various departments to easily share information and communicate with each other.

Continuous flow process is usually used in process industries such as paper, chemicals, bulk foods, petroleum and water. The correct answer is C.