A(n) ____ System May Be Used When Automation Is Critical

question 37

Multiple Choice

A(n) ____ system may be used when automation is critical.

• A)CAD
• B)GUI
• C)SCADA
• D)VoIP

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Definitions:

Collection Time

The typical period a business waits to receive money owed by its customers.

Weekly Disbursements

The total amount of money a business pays out in a week, covering expenses such as salaries, supplier payments, and other operational costs.

Opportunity Cost

The cost of foregoing the next best alternative when making a decision. It represents the benefits an individual, investor, or business misses out on when choosing one alternative over another.

BAT Model

Stands for the Behavioral Adjustment Target model, which is a concept in finance that deals with the adjustments investors make based on behavioral economics principles.