All of the Following Are Characteristics of Every Accounting Information

question 67

Multiple Choice

All of the following are characteristics of every accounting information system except it is a system

• A)that collects transaction data.
• B)that processes transaction data.
• C)that communicates financial information to decision makers.
• D)of data storage hardware for the chart of accounts.

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Definitions:

Engagement

The high levels of personal investment in the tasks performed on a job.

Personal Investment

The allocation of personal resources, such as time, money, or effort, towards a specific goal or endeavor.

Rewarding People

The act of providing recognition or compensation to individuals for their contributions, accomplishments, or desired behaviors.

Management Principle

A fundamental truth or guideline that forms the basis for management practices and decision-making in organizations.