Which of the Following Are Types of Data in an ES

question 7

Multiple Choice

Which of the following are types of data in an ES?

• A) organizational data
• B) master data
• C) transaction data
• D) income statement
• E) balance sheet

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Definitions:

Command Economy

An economy in which a central government either directly or indirectly sets output targets, incomes, and prices.

Labor

Labor describes the human exertion (whether physical or mental) that is applied to the production of goods and services.

Capital

Assets used for the production of goods and services, such as machinery, buildings, and equipment.

Bumper Crop

An unusually large harvest of a particular crop, often due to favorable growing conditions, exceeding average yields.