In Developing an Accounting System Cost Effectiveness Does Not Imply

question 91

Multiple Choice

In developing an accounting system cost effectiveness does not imply that

• A) the benefits obtained from the system outweigh the costs.
• B) an electronic system must be cheaper than the system it is replacing.
• C) the system should be cost effective.
• D) the value of an accounting report should be at least equal to the cost of producing it.

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Definitions:

Preservative

A substance added to products such as foods, pharmaceuticals, and cosmetics to prevent spoilage or degradation by microbial growth or undesirable chemical changes.

Formaldehyde Solution

A watery solution containing formaldehyde, a chemical used as a disinfectant, preservative, or in various industrial applications.

Healing

The natural process by which the body repairs and regenerates tissue damage or disease.

Incision

A cut made into a body part or tissue, oftentimes during surgery.