Which of the Following Economic Values Is NOT an Example

question 71

Multiple Choice

Which of the following economic values is NOT an example of a price?

• A) Wage earned per hour
• B) Annual interest rate paid for borrowed money
• C) College tuition per semester
• D) all are examples of prices

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Definitions:

ERP

Enterprise Resource Planning software serves as a tool for organizations to manage their daily business processes, including accounting, procurement, project management, and manufacturing.

Decision Support

Systems or software designed to assist in making business decisions by analyzing data and presenting actionable information.

Efficiency

The ability to accomplish a task or produce a desired outcome with the least waste of time, effort, or resources.

Key Indicator

A measurable value that demonstrates how effectively a company or organization is achieving key business objectives.