An IT Enabled System for Purchasing That Is an "Invoice-Less

question 8

Multiple Choice

An IT enabled system for purchasing that is an "invoice-less" system is called a(n) :

• A)Automated matching system
• B)Evaluated receipt settlement
• C)E-payables
• D)Point of sale system

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Definitions:

Base Year

A specific year against which economic growth is measured by comparing other years to it in terms of prices, outputs, or employment.

Nominal GDP

Gross Domestic Product measured at current market prices, without adjusting for inflation, reflecting the value of all goods and services produced by a country within a specific period.

GDP Price Index

A measure that reflects changes in the price level of all goods and services included in the Gross Domestic Product, used to calculate real GDP.

Inflation

The pace at which overall prices for goods and services increase, gradually diminishing the value of money.