The Control Principle for Accounting Information Systems Requires That The

question 112

Multiple Choice

The control principle for accounting information systems requires that the:

• A)Benefits from an activity outweigh the costs of the activity.
• B)System report useful,understandable,timely,and pertinent information for effective decision making.
• C)System must have methods and procedures allowing managers to control and monitor business activities.
• D)System be able to adjust to changes in the company,business environment,and needs of decision makers.
• E)System conforms to a company's activities,personnel,and structure.

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Definitions:

Seller

An individual or entity that offers goods or services in exchange for financial compensation.

Tax

A binding financial duty or another sort of imposition inflicted upon a taxpayer by a governmental unit for financing government activities and numerous public allocations.

Elasticity of Demand

An assessment of the extent to which the demand for a product or service varies following a price alteration.

Tongue Depressors

Tool used in medical practice to hold down the tongue to examine the mouth and throat.