The FACS Is Complex and Time-Consuming to Learn,so Lends Itself

question 13

True/False

The FACS is complex and time-consuming to learn,so lends itself nicely to being automated as a computer program.

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Definitions:

Business Revenue

The income that a business receives from its normal business activities, usually from the sale of goods and services to customers.

Profit Income

The financial earnings exceeding the costs of production, often considered the reward for business risks.

Command System

An economic system where government decisions determine resource allocation and production choices.

Planning Board

A governing body or committee responsible for setting policies, goals, and procedures related to urban planning, development, and infrastructure projects.