An Accounts Receivable Department That Uses a Computer System to Bill

question 92

Multiple Choice

An accounts receivable department that uses a computer system to bill the customers of the organization is using a(n) :

• A)Expert system
• B)Artificial intelligence system
• C)Transaction-processing system
• D)Operations information system
• E)Group decision support system

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Definitions:

Diminishing Returns

A principle stating that if one factor of production is increased while others are held constant, the output per unit of the variable factor will eventually decrease.

AVC

Average variable cost, which is the total variable cost divided by the quantity of output produced.

ATC

Stands for Average Total Cost, which is the total cost per unit of output produced.

Fixed Costs

Costs that do not vary with the level of production or sales, such as rent, salaries, and insurance, remaining constant regardless of the business activity.