Match Each Term to Its Definition

question 147

Multiple Choice

Match each term to its definition.
-Flexibility

• A)Can accommodate changes in the business over time.
• B)Provides information that will improve decision making and reduce uncertainty.
• C)Benefits received outweigh the cost of the system.
• D)Works smoothly with the business's employees and organization structure.
• E)Provides safeguards for a business's assets and reduces the likelihood of fraud and errors.

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Definitions:

Gasoline

A volatile, flammable liquid derived from petroleum, used chiefly as fuel in internal-combustion engines.

Inelastic

Describes a situation where the demand for a good or service is relatively unresponsive to changes in price.

FICA

The Federal Insurance Contributions Act, a United States federal payroll tax that funds Social Security and Medicare.

Paycheck

A document (or electronic transfer) issued by an employer to pay an employee for services rendered.