When Activities Formerly Done by People Following Procedures Are Moved

question 16

Multiple Choice

When activities formerly done by people following procedures are moved to computers that perform the work by following instructions in software, the activities are said to be ________.

• A) outsourced
• B) automated
• C) documented
• D) systematized

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Definitions:

Annual Interest Rate

The percentage of the principal that is paid as a fee over a period of one year for borrowing or saving money.

Capital Income

This term refers to the total amount of money generated from investments, dividends, interest, and any other sources other than labor earnings.

Rent

A regular payment made for the use of land, property, or equipment.

Opportunity Cost

The skipping of feasible improvements from various alternatives due to settling on one.