Which of the Following Is True of a Horizontal Flowchart

question 68

Multiple Choice

Which of the following is true of a horizontal flowchart as compared to a vertical flowchart?

• A) It provides more room for written descriptions that parallel the symbols.
• B) It brings into sharper focus the assignment of duties and independent checks on performance.
• C) It is usually longer.
• D) It does not provide as broad a picture at a glance.

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Definitions:

Efficient Price

A market price that fully reflects all available information and maximizes the total benefits to society.

External Benefits

Positive effects experienced by third parties or the public due to an economic transaction they were not directly involved in.

Market Outcomes

The results of interactions between buyers and sellers in a market, including price, quantity, and quality of goods and services traded.

Efficient Quantity

The level of production that maximizes the difference between total revenue and total cost, leading to optimal resource allocation.