In A(n)________ System,the Customer Is an Active Participant,but in A(n)________

question 107

Multiple Choice

In a(n) ________ system,the customer is an active participant,but in a(n) ________ system,the customer is not an active participant.

• A)low-contact;high-contact
• B)active;inactive
• C)high-contact;low-contact
• D)high-interaction;low-interaction
• E)low-interaction;high-interaction

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Definitions:

Cash Payments Journal

A business ledger that documents every cash expenditure or payment conducted by a company.

Purchases Journal

A purchases journal is a special journal used in accounting to record all purchases of merchandise, supplies, or other assets on credit.

Horizontal Analysis

Financial analysis that compares an item in a current statement with the same item in prior statements.

Vertical Analysis

An analysis that compares each item in a current statement with a total amount within the same statement.