Which System Allows Critical Business Decisions to Be Made in a Timely

question 39

Multiple Choice

Which system allows critical business decisions to be made in a timely manner?

• A) enterprise resource planning
• B) customer relationship management
• C) warehouse management system
• D) supply chain management

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Definitions:

Medical Expense Deduction

A tax deduction allowed for unreimbursed medical expenses that exceed a certain percentage of the taxpayer's adjusted gross income.

Dependent

Dependent is a person, typically a child or elderly family member, whose support and maintenance are provided by another, qualifying the supporting individual for certain tax benefits.

Pease Limitations

Named after Congressman Don Pease, these are limits on the amount of itemized deductions that high-income individuals can claim.

Itemized Deductions

Expenses allowed by the IRS that can be deducted from adjusted gross income to reduce taxable income if chosen instead of the standard deduction.