The Flow of Information from OE/S to the Credit Department

question 21

Short Answer

The flow of information from OE/S to the credit department is an example of ______________________________ information flows.

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Definitions:

Invention

A new method, idea, product, or process developed from study and experimentation.

Technological Advance

The development and application of new technologies, leading to more efficient production processes, new products, or improved services.

Capitalist Economy

An economic system where private individuals and businesses own the means of production and operate for profit, guided by market forces.

Economists

Professionals or scholars who study, develop, and apply theories and concepts from economics, and write about economic policy.