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3.01 Key Terms

Bradley Stewart

TermDefinition
AUDIT Process by which an organization’s accounts and records are verified.
AUTHENTICATION The process of verifying identity.
AUTHORIZATION The process of granting or denying access to information.
AUTOMATE To operate a system, process, or piece of equipment with little or no direct human control.
BALANCE SHEET A financial statement that captures the financial condition of the business at that particular moment.
BANKRUPTCY A state of debt that cannot be resolved.
BAR CODE A symbol known as a Universal Product Code (UPC) containing merchandise information that can be read by an electronic scanner.
BARGAINING A negotiating technique that involves giving another person something s/he wants, and receiving something desired in return.
BENCHMARK A point of reference.
BETTER BUSINESS BUREAU A consumer organization that monitors complaints against businesses.
Created by: drakon0130