Accounting Information Systems Is an Important Area of Study for Future

question 40

Multiple Choice

Accounting information systems is an important area of study for future accountants because:

• A)All organizations use information technology in their AIS.
• B)All organizations need an AIS.
• C)Both A and B.
• D)Neither A nor B.

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Definitions:

Long-Range Planning

The process of setting goals and developing strategies to achieve these objectives over an extended period.

Short-Term Goals

Objectives set by a business or individual that are intended to be achieved in a short period, typically less than one year.

Direct Labor Hours

The hours worked by employees directly involved in manufacturing a product or providing a service.

Direct Labor Budget

A financial plan that estimates the cost of direct labor needed to meet production goals, often detailed by departments or projects.