The Three Primary Components of Accounting Information Systems Are

question 77

Multiple Choice

The three primary components of accounting information systems are

• A) Relevance, compatibility, and flexibility
• B) Compatibility, flexibility, and cost-benefit
• C) Compatibility, flexibility, and safety
• D) Compatibility, timeliness, and cost-benefit
• E) Accounts payable, accounts receivable, and payroll

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Definitions:

Scenario Analysis

A process of assessing future trends by analyzing different conceivable future scenarios, enabling decision-makers to prepare for various potential outcomes.

Future

The time or a period of time following the present moment, yet to occur or come into existence.

Scenario Analysis

A planning tool used to make flexible long-term plans that test strategies against diverse future scenarios.

Competitors

Other businesses or entities that offer similar products or services and vie for the same customer base within a market.