Careful Consideration of the Use of Computers in Accounting Indicates

question 193

Multiple Choice

Careful consideration of the use of computers in accounting indicates that computers:

• A)will soon eliminate all of the accounting functions.
• B)are tools to help the accountant perform his or her job.
• C)cannot handle the increasing data demands of accounting.
• D)have a very limited use in accounting due to inadequate privacy controls.

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Definitions:

Similar

Having a resemblance in appearance, character, or quantity, without being identical.

Confidence Interval

A band of values, extrapolated from sample statistics, presumed to surround the value of an unknown parameter within the population.

Independent Samples

Samples that are collected from distinct, non-overlapping populations, ensuring that measurements from one sample do not influence the measurements from the other.

Degrees Of Freedom

The number of independent pieces of information on which a statistical estimate is based, minus the number of parameters estimated.