Identify Four General Categories of Business Application Programs

question 171

Essay

Identify four general categories of business application programs.

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Definitions:

Refinancing

Replacing an old loan with a new loan, typically with better terms, such as a lower interest rate.

Loss Contingency

A potential financial loss to a company that might occur in the future due to past events or transactions, depending on the outcome of uncertain future events.

Range

The difference between the highest and lowest values in a set of numbers, indicating the spread or dispersion.

Appropriation

The allocation of funds or resources to specific departments, projects, or purposes, often used in governmental budgeting.