Which of the Following Statements Is Incorrect

question 111

Multiple Choice

Which of the following statements is incorrect?

• A) A major consideration in developing an accounting system is cost effectiveness.
• B) When an accounting system is designed no consideration needs to be given to the needs and knowledge of the various users.
• C) The accounting system should be able to accommodate a variety of users and changing information needs.
• D) To be useful information must be understandable relevant reliable timely and accurate.

Grasp the concept of technical and fundamental analysis and distinguish between their uses.

Comprehend the role of liquidity and stock performance, including the small firm and neglected firm effects.

Analyze the predictability of stock returns through patterns and anomalies.

Recognize the significance of news and information release on stock prices in an efficient market.

---

Definitions:

Collaborative Consumption

A modern economic model involving sharing, swapping, bartering, trading, or renting access to products as opposed to ownership, typically facilitated by community-based online services.

Information Infrastructure

The foundational systems and services that support the management, processing, and exchange of information.

Shared Economy

An economic model based on sharing, renting, or borrowing goods and services rather than owning them, facilitated by peer-to-peer platforms.

Virtual Marketplaces

Online platforms where buyers and sellers meet to exchange goods, services, or information, often transcending geographical and physical boundaries.