Which of the Following Statements Is False

question 45

Multiple Choice

Which of the following statements is false?

• A)Technology has allowed many industries to provide better, faster, and higher quality information.
• B)Business process must adapt to the new technologies.
• C)Business processes, IT systems, and the accounting information system are inextricably linked.
• D)IT systems have not had a major impact on the input of data into the accounting information system.

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Definitions:

ROE

Return on Equity, a profitability measure that calculates the ability of a company to generate profits from its shareholders' equity.

Profit Margin

A financial ratio that shows the percentage of revenue that exceeds the cost of goods sold, indicating the profitability of a company.

Assets

Resources owned or controlled by a business, individual, or entity, considered valuable because they can produce positive economic value or provide future benefits.

Current Ratio

A financial ratio indicating a firm's capacity to settle its short-term liabilities with assets that can be easily converted into cash within a year.