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Consider the following as you answer the next question: Jon is an information systems consultant with a diverse client base. Some of his clients recently posed the questions listed below; Jon is considering which type of flowchart would best be used to answer each question. I. What happens to a federal tax return once it is received by the IRS?
ii. How should a company calculate payroll withholding taxes?
iii. What kind of computer network is in place at a local IRS office?
iv. What process does an organization employ to determine how to invest money in a pension fund?
v. What steps must be completed to write and publish an accounting textbook?
Which of the preceding questions would best be answered by preparing a systems flowchart?
Government Purchases
Spending by the government on goods and services, which is part of fiscal policy to influence the nation's economy.
GDP
Gross Domestic Product, a measure of the economic output of a country, expressing the total value of all goods and services produced over a specific time period.
Consumption
Household consumption of products and services.
Investment
The allocation of resources, usually money, in expectation of a future benefit such as profit or interest.
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