Technology

question 123

Multiple Choice

Technology:

• A)Has replaced accounting.
• B)Has not improved the clerical accuracy of accounting.
• C)Reduces the time,effort and cost of recordkeeping.
• D)In accounting has replaced the need for decision makers.
• E)In accounting is only available to large corporations.

---

Definitions:

Standard Error

A statistical measure that represents the accuracy with which a sample distribution represents a population by quantifying the variability of the mean.

Standard Deviation

A statistic that measures the dispersion or variability of a dataset relative to its mean, indicating how spread out the data points are.

Mean Purchase

The average amount of purchases made over a certain period of time or across individuals.

Probability

The expression of an event's likelihood as a number from 0 to 1.