What Measures How Quickly a System Performs a Process or Transaction

question 58

Multiple Choice

What measures how quickly a system performs a process or transaction?

• A)portability
• B)capacity planning
• C)performance
• D)sustainability

Understand the need for and process of bank account reconciliation.

Recognize the documentation involved in cash disbursements and receipts, including invoices, purchase requisitions, and vouchers.

Understand the impacts of outstanding checks, deposits in transit, and other reconciling items on the bank reconciliation process.

Learn how the petty cash fund is established, reimbursed, and the journal entry involved in its replenishment.

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Definitions:

Marginal Cost

The additional cost incurred in producing one more unit of a good or service.

Comparative Advantage

Comparative advantage occurs when a country, individual, or company can produce a good or service at a lower opportunity cost than others.

Geegaws

Decorative trinkets or gadgets, often considered unnecessary or frivolous.

Utility Function

An illustrative model that shows the way individuals prioritize various combinations of products based on their contentment levels.