In an Office Environment, Many Organizations Set Up A(n) _________

question 7

Multiple Choice

In an office environment, many organizations set up a(n) _________ to perform various operations such as word processing, accounting, document management, or communications.

• A) TPS
• B) MIS
• C) office automation system
• D) DSS

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Definitions:

Account Balance

The amount of money present in a financial account at any given moment, which can be positive (credits) or negative (debits).

Chart of Accounts

An organized list of all the accounts in a company's general ledger, used for recording and reporting financial transactions.

Journal

A detailed record where all financial transactions of a business are initially recorded before being transferred to accounts in the ledger.

Accounts Payable

Liabilities representing amounts owed to suppliers or creditors for goods and services received that are not yet paid.