The Use of Computers in Accounting Has

question 121

Multiple Choice

The use of computers in accounting has:

• A)made it possible for most firms to operate without the expense of hiring or consulting with accountants.
• B)reduced the pressure on managers in making financial decisions.
• C)created an environment in which accounting has become nothing more than glorified bookkeeping,as all accountants are required to do is enter data into the system and monitor the results the program generates.
• D)allowed firms to have continuous auditing ability so that they can continuously track financial problems and quickly spot problems like cash flow difficulties.

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Definitions:

Collectivist Cultures

Societies or groups where people emphasize collective goals, community cohesion, and interdependence among its members over individual pursuits.

Direct Communication

A style of communication that is straightforward and transparent, with messages conveyed clearly and directly to avoid misunderstandings.

Work Ethic

A set of values based on the importance of doing work and reflected in a commitment to hard work and diligence.

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A person born during the demographic post-World War II baby boom, typically identified as someone born between 1946 and 1964.