Match Each Term to Its Definition

question 18

Multiple Choice

Match each term to its definition.
-Positive cost/benefit relationship

• 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:

Price Ceiling

A legal maximum price that can be charged for a good or service, typically set by government regulation.

Shortage

A situation where the demand for a good or service exceeds the supply available at a specific price.

Rent Controls

Government-imposed limits on the amount landlords can charge tenants for leasing property.

Rental Units

Housing units that are available for rent, including apartments, houses, and townhouses.