Those Entities Which Perform No Information Processing Activities for the System

question 41

Multiple Choice

Those entities which perform no information processing activities for the system are called:

• A) external entities
• B) internal entities
• C) boundary entities
• D) environmental entities

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Definitions:

Normal Good

A normal good is a type of good for which demand increases when income increases, and falls when income decreases but price remains constant.

Domestic Price

The cost of products or services inside the confines of a nation, in contrast to prices for international trade or exports.

Trade Price

The price at which goods or services are actually bought and sold between parties in the marketplace.

Leather Wallets

Small, foldable cases, often made of leather, used for carrying personal items such as cash, credit cards, and identification documents.