Examlex
Typical controls developed for manual systems which are still important in IT systems include
Zero Net Difference
When the difference between expense and revenue equals zero; meaning that the values of both are equal; also called breakeven points when revenue and expenses are graphed on the same coordinate plane.
Demand Function
A mathematical formula that describes the relationship between the demand for a good and its price, along with other factors like income and prices of related goods.
Expense Functions
Mathematical expressions that calculate the total costs associated with producing a certain number of goods or services.
Revenue Functions
Mathematical models that describe how a company's revenue is related to the selling price of its products and the quantity of products sold.
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