Which of the Following Would Be Stored Electronically on Microchips

question 85

Multiple Choice

Which of the following would be stored electronically on microchips, magnetic strips, or other computer media and would allow for the elimination of physical currency?

• A) Electronic funds.
• B) Electronic medium.
• C) Digital cash.
• D) Digital resources.
• E) Electronic resources.

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Definitions:

Management

The coordination and administration of tasks to achieve a company's objectives, involving planning, organizing, leading, and controlling resources.

Fixed Cost Per Unit

The cost that does not change with the level of production or sales, divided by the number of units produced, to determine the fixed cost allocated to each unit.

Level Of Activity

A measure of the volume of production or work done in a specific period, often used in costing and productivity analysis.

Variable Costs

Costs that change in proportion to the good or service that a business produces, varying depending on production volume.