Oklahoma Chemicals Plans to Use Its Computers to Post Information

question 225

Multiple Choice

Oklahoma Chemicals plans to use its computers to post information from journals to the ledger instantaneously.One obvious benefit of this technology is:

• A)A reduction in the number of accountants required by the firm.
• B)Less scrutiny from agencies such as the Internal Revenue Service.
• C)To shift financial decision making from people to programmed technology.
• D)Readily available financial information.

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Definitions:

Medicare

A federal health insurance program in the United States primarily for people aged 65 and older, but also available to certain younger people with disabilities.

Palliative Care

Medical care aimed at providing relief from the symptoms and stress of a serious illness, focusing on improving quality of life for both the patient and the family.

Acute Care

A branch of secondary health care where a patient receives active but short-term treatment for a severe injury or episode of illness, an urgent medical condition, or during recovery from surgery.

Hospice Care

Specialized care designed to provide comfort and support to patients and their families during the final stages of a terminal illness.