Consider the Following Systems Flowchart as You Respond to the Question

question 51

Multiple Choice

Consider the following systems flowchart as you respond to the question: In the flowchart, the vendor:

• A)Is outside the system boundary and therefore should be omitted.
• B)Should be omitted because it has too few symbols in its column.
• C)Is exposed to credit risk.
• D)Should not ship goods before generating an invoice.

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Definitions:

Market Output

The total quantity of goods or services produced and offered for sale by firms in a particular market.

Fair Return

A reasonable profit level that a utility or service provider is allowed to earn, taking into account the need to provide goods or services at fair prices.

Economic Profit

The contrast between total financial gain and overall financial obligations, including both explicit and implicit expenditures.

Marginal Cost

The financial burden of producing a further unit of a product or service.