The Process of Using Current Resources to Create or Buy

question 145

Multiple Choice

The process of using current resources to create or buy new capital is called

• A) absolute advantage.
• B) comparative advantage.
• C) investment.
• D) the law of increasing relative cost.
• E) economic growth.

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Definitions:

TPSs

Transaction Processing Systems, computerized systems that perform and record the daily routine transactions necessary to conduct the business; they serve at the operational level of an organization.

Walmart

An American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores.

Enterprise

A large company or organization, especially one with complex structures and operations, often spanning multiple industries or geographic locations.

EAI System

Enterprise Application Integration system, a framework that integrates various disparate systems within an organization into a cohesive, functioning whole.