The Use of Computers in Recording Business Events

question 14

Multiple Choice

The use of computers in recording business events

• A)has made the recording process more efficient.
• B)does not use the same principles as manual accounting systems.
• C)has greatly impacted the identification stage of the accounting process.
• D)is economical only for large businesses.

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Definitions:

Management Trainee

A management trainee is an individual in an entry-level position, undergoing training and performing tasks under supervision to learn the skills necessary for management positions.

Confidential Information

Sensitive data that is meant to be kept secret from unauthorized parties, including trade secrets, business strategies, and personal information.

Gratuitous Agents

Those who act on behalf of another without receiving any compensation for their services.

Subagent

A representative or agent appointed by another agent who also has the authority and responsibility to perform specific tasks on behalf of the original agent's principal.