What Describes a System That Stores and Displays Information That

question 75

Multiple Choice

What describes a system that stores and displays information that can be linked to a geographic location?

• A) AIS
• B) LOC
• C) GLOC
• D) LIS
• E) GIS

Identify and calculate controllable and non-controllable costs in a budget.

Understand the significance and mechanics of responsibility accounting in managing performance.

Explain the function and importance of budgetary control in business operations.

Identify the roles and classifications of responsibility centers.

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Definitions:

Financial Importance

Financial importance refers to the significance placed on managing finances effectively to ensure stability and growth of an individual's or organization's assets.

DSO Analysis

Stands for Days Sales Outstanding, a calculation used to assess the average number of days it takes a company to collect payment after a sale has been made.

Seasonal Changes

Variations in business or economic activity that occur within specific seasons or periods of the year, often predictable and recurring.

Working Capital Management

The management of a company's short-term assets and liabilities to ensure it has adequate funds to continue its operations and avoid financial distress.