The Unit in a Company That Is Most Often Responsible

question 35

Multiple Choice

The unit in a company that is most often responsible for the hardware components, software programs, and networking strategies of a business organization is ________.

• A)information technology
• B)operations
• C)finance
• D)marketing

Apply the periodic inventory system in journalizing transactions.

Prepare necessary closing entries from an adjusted trial balance.

Fill in missing financial statement information based on given data.

Understand the gross method of recording invoices in journal entries.

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Definitions:

Technical Efficiency

Condition under which firms combine inputs to produce a given output as inexpensively as possible.

Empirical Research

A method of research that relies on the collection and analysis of data to obtain evidence that can be observed or measured.

Positive

A term that can refer to a favorable outcome or condition, or in statistics, a correlation where two variables move in the same direction.

Marginal Product

The extra production yielded from the use of one additional unit of a specific input while keeping all other inputs unchanged.