Mark, a Sales Rep with a Large Technology Company, Is

question 101

Multiple Choice

Mark, a sales rep with a large technology company, is celebrating today because he just closed a large deal, which means a sizeable commission. Even the finance department is thrilled because Mark used ________ to review the credit history of this customer to be sure the deal would be a profitable one for the company.

• A) knowledge transfer
• B) business intelligence
• C) data processing
• D) business process information

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Definitions:

Deferred Payment

A payment arrangement that allows the payer to make the payment at a future date, often after receiving the goods or services.

Capitalized

The process of recording an expenditure as an asset, rather than an expense, thus spreading the cost over its useful life.

Installation Costs

Expenses associated with setting up or installing equipment or machinery for its intended use.

Fair Value

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.