A(n) ________ System Is a System with a Relatively Free

question 68

Multiple Choice

A(n) ________ system is a system with a relatively free flow of information within the organization.

• A) open
• B) closed
• C) primary
• D) secondary

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Definitions:

Successive Years

Successive years that occur back-to-back without any breaks.

Compounded Quarterly

A method of calculating interest where it is added to the principal four times a year, after every three months, leading to faster growth of the investment.

Prepayment

Payment made for goods or services before they are received or required.

Discounting

The process of determining the present value of a payment or a series of payments that will be made in the future.