When a Company Outsources The_________ System, They Only Need to Provide

question 7

Multiple Choice

When a company outsources the_________ system, they only need to provide the employees and the information; the outsourcing company does the rest.

• A) entire
• B) data entry
• C) database
• D) hardware
• E) software

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Definitions:

Bank Service Charge

Fees charged by a bank to cover services provided to the account holder.

Ledger

A comprehensive collection of a company's financial transactions, recorded in a structured and systematic manner.

Petty Cash Fund

A small amount of cash kept on hand, used for paying minor expenses to avoid the complexity of writing cheques.

Cash Short

A situation where the amount of cash on hand is less than the recorded amount, often indicating errors or theft.