Today's Computerized Accounting Programs Are

question 79

Multiple Choice

Today's computerized accounting programs are:

• A)too expensive for most small businesses.
• B)easily affordable,but seldom necessary for the simple needs of the typical small business.
• C)so sophisticated that they can make most financial decisions without the aid of an accountant.
• D)very helpful for small business owners who lack strong accounting support within their companies.

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Definitions:

Money Supply

The sum total of financial assets available in an economy at a certain point in time.

Inflation Rate

The percentage rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling over a specific period.

Fiscal Policies

Government policies related to taxation and spending that aim to influence the overall economy.

Short Run

A period of time during which at least one input, such as plant size, is fixed and cannot be changed.