A System That an Organization Uses to Obtain Inputs, Convert

question 38

Multiple Choice

A system that an organization uses to obtain inputs, convert them into outputs, and then dispose of these outputs is known as a ________.

• A) production system
• B) quality control management system
• C) reengineering system
• D) line management system

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Definitions:

Cash

Refers to currency or assets that can rapidly be converted to currency, used by businesses for transactions and considered a current asset on the balance sheet.

Market Rate

The prevailing interest rate available in the marketplace for investments or loans of a similar risk and maturity profile.

Par Value

The face value of a bond or stock, assigned at the time of issuance, representing the minimum amount the security can be sold for.

Semiannual Interest

Interest that is calculated and paid twice a year, often used in the context of bonds and loans.