Which of the Following Is a Typical Example of a System

question 6

Multiple Choice

Which of the following is a typical example of a system requirement for the output category?

• A) Manufacturing employees must swipe their ID cards into data collection terminals that record labor costs.
• B) The contact management system must generate a daily reminder list for all sales reps.
• C) All transactions must have audit trails.
• D) As the final step in year-end processing, the payroll system must update employee salaries, bonuses, and benefits and produce tax data required by the IRS.

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Definitions:

Insurance Policy

An agreement between an insurer and a policyholder that outlines coverage terms, conditions, and the duration the insurance coverage is in effect.

December 31

December 31 refers to the final day of the year in the Gregorian calendar, often associated with closing financial and business accounts for the year.

Credit Balance

A situation where the sum of credits in an account exceeds the sum of debits, often indicating a liability or revenue.

Unearned Revenue

Prepayment for goods or services which have not yet been delivered or performed, recognized as a liability on the balance sheet until the goods or services are delivered.