An Accounts Payable Department That Uses a Computer System to Pay

question 81

Multiple Choice

An accounts payable department that uses a computer system to pay the company's suppliers is using a(n) ________ system.

• A) transaction-processing
• B) expert
• C) artificial intelligence
• D) group decision support

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Definitions:

Aggregate Spending

The total amount of spending by all sectors of an economy on goods and services.

Inflation

The speed at which the cumulative price for goods and services heightens, lowering the power to make purchases.

Money Demand

The desire or need for holding money as opposed to investing or spending it.

Equation of Exchange

The equation of exchange is a macroeconomic formula that relates the money supply, its velocity, the price level, and an index of expenditures in an economy, typically expressed as MV = PQ.