For Each of the Following Business Transactions, List Two Examples

question 141

Essay

For each of the following business transactions, list two examples of related accounting information system (AIS) activities:

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Definitions:

Product

Any item or service offered by businesses to consumers to satisfy a want or need.

Premium

An amount paid for an insurance policy or an additional charge for better or more services.

Referral

A recommendation from one party to another, often used in sales to acquire new clients through existing clients' networks.

Urban School District

Refers to a public school district located in a metropolitan or densely populated area, often dealing with diverse populations and varied educational challenges.