Which of the Following Questions Best Relates to a Macro-Level

question 41

Multiple Choice

Which of the following questions best relates to a macro-level factor for choosing information technology for the accounting information system?

• A)What will the technology cost?
• B)Should we borrow money to purchase the technology?
• C)How many employees will have to learn to use the new system?
• D)All of the above relate to macro-level factors.

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Definitions:

Industry Entry

The process of a new competitor or business entering into a market or industry.

Demand

The quantity of a good or service that consumers are willing and able to purchase at various prices at a given time.

Long Run

That period of time for which there are no fixed factors of production: Firms can increase or decrease the scale of operation, and new firms can enter and/or existing firms can exit the industry.

Profit-Maximizing

The process or strategy of adjusting production and sale operations to achieve the highest possible profit.