Financial Information Systems Include All of the Following EXCEPT

question 39

Multiple Choice

Financial information systems include all of the following EXCEPT:

• A) purchasing.
• B) payroll.
• C) registration and records.
• D) budgeting.
• E) inventory and materials management.

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Definitions:

Economic Loss

Financial damage suffered by a person or entity, often due to breach of contract, negligence, or external market factors.

Insurance

A contract whereby one party pays premiums to another party who undertakes to pay compensation for losses resulting from risks or perils specified in the contract.

Insured

A person or entity covered under an insurance policy, receiving protection against specified losses or damages in exchange for payment of a premium.

Fee

A charge or payment for a service, often imposed by a professional or official body.