______________ Systems Consist of Hardware and Software That Manage and Archive

question 58

Multiple Choice

______________ systems consist of hardware and software that manage and archive electronic documents and image paper documents;then index and store them according to company policy.

• A)Electronic records management
• B)Business management
• C)Compliance
• D)Digital Document

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Definitions:

Resource Prices

The cost of inputs used in the production of goods or services, such as raw materials, labor, and energy.

Sunk Costs

Costs that have already been incurred as a result of past decisions. They are sometimes referred to as historical costs.

Variable Costs

Expenses that fluctuate in direct proportion to the level of output or production activity.

Stock Purchase

The action of buying shares in a company, which represents a portion of ownership in that corporation.