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You Have Been Hired to Implement an Enterprise System That

question 9

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You have been hired to implement an enterprise system that will automate much of the billing and accounting work for a statewide HVAC services company.Which of the following would you prepare to describe how the new system will affect a firm's structure and operations?


Definitions:

Negotiable Instrument

A financial document, such as a check or promissory note, that contains an unconditional promise or order to pay a specified amount of money, easily transferable from one party to another.

Acknowledges The Debt

The act of a debtor formally admitting the existence or validity of a debt owed to a creditor.

Promise To Pay

A legal agreement where one party agrees to repay a debt or fulfill an obligation to another party.

Negotiability

The characteristic of a financial tool that permits its transfer or assignment from one entity to another in return for value.

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