What Is the Basic Business System That Serves the Operational

question 171

Multiple Choice

What is the basic business system that serves the operational level and assists in making structured decisions?

• A) OLTP
• B) OLAP
• C) TPS
• D) DSS

Understand the concept of external validity and the factors that influence it.

Discuss the advantages and disadvantages of online experiments and the measures to mitigate biases.

Understand the importance and role of a hypothesis in experimental design.

Understand the similarities between the riskiness of leasing and other cash flows of the lessee.

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Definitions:

Journal

A chronological record of all transactions made by a company, used as the primary source of information for the financial statements.

Ledger

A comprehensive collection of a company's accounts where transactions are recorded, typically categorized into assets, liabilities, equity, revenues, and expenses.

Compound Journal Entry

A journal entry that includes multiple debits, credits, or both, affecting more than two accounts.

Accounts

Records of financial transactions pertaining to specific assets, liabilities, equity, revenues, and expenses within an organization.