An Accounting Information System Is Said to Be Relevant,if It

question 3

Multiple Choice

An accounting information system is said to be relevant,if it ________.

• A) works smoothly with the business's employees and organizational structure
• B) safeguards a business's assets and reduces the likelihood of fraud and errors
• C) provides information that will improve decision making and reduce uncertainty
• D) accommodates changes in the business over time

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Definitions:

Acceptance

in contract law, signifies the agreement of the offeree to the terms of the offer, resulting in a legally binding contract.

Offeror

The person or entity that presents a proposal or bid in a contract negotiation, awaiting acceptance or rejection by the offeree.

Objective Standard

A legal principle that evaluates the actions of individuals based on what a reasonable person would do under similar circumstances.

Contract

A legally enforceable agreement between two or more parties where each agrees to fulfill certain obligations in exchange for benefits or considerations.