Which of the Following Is an Example of the Procedure

question 48

Multiple Choice

Which of the following is an example of the procedure component of an information system?

• A) a company's network security protocol for logging in
• B) a file containing the names of a company's clients
• C) a file containing information about a company's history
• D) the software and hardware used by a company

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Definitions:

Expenses

The monetary costs incurred in the process of generating revenues, including fixed, variable, and semi-variable expenses.

Contribution Margin Ratio

A financial metric expressing the percentage of each sales dollar remaining after variable costs are subtracted.

Fixed Expenses

Costs that do not change with the level of production or sales over a certain period, such as rent, salaries, and insurance.

Unit Contribution Margin

The difference between the selling price of a unit and its variable costs, indicating how much each unit contributes to covering fixed costs and generating profit.