The Use of Electronic Means to Enhance Business Processes Is

question 79

Multiple Choice

The use of electronic means to enhance business processes is termed:

• A)E-business
• B)Electronic data interchange
• C)Point of sale system
• D)E-commerce

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Definitions:

Average Fixed Cost

The total fixed costs of production divided by the quantity of output produced, showing the cost of fixed resources per unit of output.

Total Fixed Costs

Expenses incurred by a business that do not vary with the level of production or sales, including lease payments and salaries of permanent staff.

Total Variable Costs

The sum of all costs that vary with the level of production, including materials and labor.

Total Variable Costs

The sum of all costs that vary directly with the level of production or output.