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There Are Two Types of Data to Enter: Data That

question 80

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There are two types of data to enter: data that ________ every transaction, and data that concisely differentiate the particular item being processed from all other items.

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Definitions:

Inputs

Assets like work, supplies, and funds that are utilized in the manufacturing process to produce products and services.

Production Possibility Frontier

A curve depicting the maximum attainable combinations of two or more products that a business can produce with limited resources.

Capital Goods

Long-lasting goods, such as equipment or buildings, used to produce other goods or services.

Consumer Goods

Products and services that are consumed by individuals or households to satisfy their needs or wants.

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