Since a Computerized System Uses Software to Process Transactions,employees Are

question 55

True/False

Since a computerized system uses software to process transactions,employees are no longer required to manually journalize and post transactions to the accounts.

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Definitions:

Production Possibility Frontier

A diagram that maps out all possible highest outputs for two commodities, given a predetermined set of inputs and technology.

Specialize

The process by which individuals or entities focus their efforts on a limited range of activities, goods, or services to gain efficiencies and improve performance or output.

Production

Production is the process of creating goods and services through the combination of labor, materials, and technology to meet consumer demand.

Absolute Advantage

The ability of a country, individual, or firm to produce more of a good or service with the same amount of resources compared to others.