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Explain What an AIS Is,describe the Basic Tasks It Performs

question 54

Essay

Explain what an AIS is,describe the basic tasks it performs in an organization,and give some examples of the types of accounting transactions it processes.


Definitions:

Market Forces

The natural factors of supply and demand that determine prices, production levels, and resource allocation in a freely competitive economy.

Resistance Price

A price level at which an asset meets pressure on its way up due to a concentration of selling interest, often used in technical analysis of financial markets.

Willingness to Pay

The maximum amount an individual or entity is prepared to spend to purchase a good or service or to avoid something undesirable.

Market Demand Curve

A graphical representation of the quantity of goods demanded at various prices by all consumers in the market.

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