Match Each of the Following Terms with Its Definition

question 161

Multiple Choice

Match each of the following terms with its definition.
-A benefit derived from the creation of an information system that can be measured in dollars and with certainty.

• A)intangible benefit
• B)intangible cost
• C)one-time cost
• D)recurring cost
• E)tangible benefit
• F)tangible cost

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Definitions:

Location Decisions

The process of choosing geographical locations for business operations, factoring in costs, convenience, logistics, and strategic objectives.

Location Decision

The process of determining the best place for a business to operate in terms of costs, resources availability, logistics, and market accessibility.

Maximize Profit

The strategy of making business decisions that increase the difference between total revenue and total cost to the highest possible level.

Firm's Profit

The financial gain realized when a firm's total revenues exceed its total expenses.