E-Commerce: Also known as electronic commerce e-commerce means making use of computers and internet technology to conduct business. Purchase, sale and all the other functions of business take place electronically. E-commerce can be consumer to consumer (C2C), business to business (B2B), consumer to business (C2B) and business to consumer (B2C). Just in Time (JIT): Just in time is an inventory management method in which only that much inventory is maintained which is required for the production. No stock is held, thus reducing the carrying cost. Enterprise Resource Planning (ERP): ERP helps in integration of organizational functions like sales, human resource, purchase etcetera. Nowadays ERP software has been developed to automate business processes. Total Quality Management (TQM): It aims at achieving long term benefits by making the organization customer and process oriented, integrating the organizational activities and delivering the best quality of products and services. Triple bottom line: This concept has broadened the scope of financial statement from being restricted to financial aspects by including in it the social aspects. Environment, social responsibility and economic value are the other three aspects which have been included in this concept. To Identify: The correct match for the given statements.

Question

Want to see the full answer?

Answer 1

Question

Chapter 18, Problem S18.11SE

To determine

E-Commerce: Also known as electronic commerce e-commerce means making use of computers and internet technology to conduct business. Purchase, sale and all the other functions of business take place electronically. E-commerce can be consumer to consumer (C2C), business to business (B2B), consumer to business (C2B) and business to consumer (B2C).

Just in Time (JIT): Just in time is an inventory management method in which only that much inventory is maintained which is required for the production. No stock is held, thus reducing the carrying cost.

Enterprise Resource Planning (ERP): ERP helps in integration of organizational functions like sales, human resource, purchase etcetera. Nowadays ERP software has been developed to automate business processes.

Total Quality Management (TQM): It aims at achieving long term benefits by making the organization customer and process oriented, integrating the organizational activities and delivering the best quality of products and services.

Triple bottom line: This concept has broadened the scope of financial statement from being restricted to financial aspects by including in it the social aspects. Environment, social responsibility and economic value are the other three aspects which have been included in this concept.

To Identify: The correct match for the given statements.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

The December 31, 2021, balance sheet of Chen, Incorporated, showed long-term debt of $1,420,000, $144,000 in the common stock account, and $2,690,000 in the additional paid-in surplus account. The December 31, 2022, balance sheet showed long-term debt of $1,620,000, $154,000 in the common stock account and $2,990,000 in the additional paid-in surplus account. The 2022 income statement showed an interest expense of $96,000 and the company paid out $149,000 in cash dividends during 2022. The firm’s net capital spending for 2022 was $1,000,000, and the firm reduced its net working capital investment by $129,000. What was the firm's 2022 operating cash flow, or OCF?

River is a salaried exempt worker who earns $73,630 per year for a 35-hour workweek. During a biweekly pay period, River worked 105 hours. What is the gross pay?

The industrial enterprise "HUANG S.A." purchased a sorting and packaging machine from a foreign company on 1/4/2017 at a cost of €500,000. The useful life of the machine was estimated by the Management at ten (10) years, while the residual value was estimated at zero. For the transportation of the machine from abroad to the company's factory, the amount of €20,000 was paid on 15/4/2017. As the insurance coverage of the machine during transportation was the responsibility of the selling company, HUANG S.A. proceeded to insure the machine from 16/4/2017 to 15/4/2018, paying the amount of €1,200. The delivery took place on 15/4/2017. As adequate ventilation of the multifunction device is essential for its proper operation, the company fitted an air duct on the multifunction device. The cost of the air duct amounted to €2,000 and was paid on 20/4/2017. On 25/4/2017, an external electrician was paid €5,000 for the electrical connection of the device. The company also paid €5,000 to an…