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Explain and discuss the meaning of the following terminologies in the context of accounting information system: Economic Order Quantity (EOQ) > Materials requirements planning (MRP)

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Explain and discuss the meaning of the following terminologies in the context of accounting information system: Economic Order Quantity (EOQ) > Materials requirements planning (MRP) - Just-in-time (JIT) inventory system > Vendor-Managed Inventory (VMI) Question 2: The chart of accounts must be tailored to an organization's specific needs. Discuss how the chart of accounts for the following organizations would differ from the one presented for 5&5 below: a. University b. Bank c. Manufacturing company d. Expansion of S\&S to a chain of two stores

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