____ Applications Require That a Record Be Accessed Immediately While

question 48

Multiple Choice

____ applications require that a record be accessed immediately while a client is waiting.

• A) Sequential
• B) Dependent
• C) Real-time
• D) Batch

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Definitions:

Cost-Volume-Profit Chart

A graphical tool used in managerial accounting to analyze how changes in cost and volume affect a company's profit.

Contribution Margin

The gap between a product's sales revenue and its variable expenses, which serves to offset fixed costs and produce earnings.

Variable Cost

Expenses that adjust in direct correlation with changes in production or sales levels.

Fixed Costs

Expenses that do not change with the level of production or sales activities within a certain range, such as rent, salary, insurance, and loan payments.