A Modular Information Technology Designed to Provide Comprehensive Information About

question 21

Multiple Choice

A modular information technology designed to provide comprehensive information about a company is called:

• A)An enterprise resource planning system.
• B)A spreadsheet.
• C)A risk management plan.
• D)The accounting cycle.

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Definitions:

Mortgage-Related

Pertains to financial instruments or activities that involve the financing of real estate transactions through loans secured by a mortgage.

Federal National Mortgage Association

A government-sponsored enterprise (GSE) known as Fannie Mae; it expands the secondary mortgage market by securitizing mortgages in the form of mortgage-backed securities.

U.S. Treasury

Refers to the federal government department responsible for managing government revenue and also to the securities (like bonds) it issues, considered low-risk investments.

Put Option

A financial contract giving the owner the right, but not the obligation, to sell a specified amount of an underlying asset at a specified price within a specified time.