Which of the Following Is True of the Comparison Between

question 80

Multiple Choice

Which of the following is true of the comparison between a manual and a computerized accounting information system?

• A)In both manual and computerized systems,reports and financial statements must be created using Word documents,Excel spreadsheets,or PowerPoint.
• B)In a computerized system,the software can generate financial reports instantaneously that can never be manipulated.
• C)In a manual system,data are contained in paper documents,which are often stored in filing cabinets and off-site document warehouses;whereas in a computerized system,data are stored on a main computer called a server.
• D)In both manual and computerized systems,processing data includes manually journalizing transactions and posting to the accounts.

Summarize guidelines for effectively communicating bad news to employees and the public.

Identify strategies to end a bad-news message on a positive note.

Understand the risks and benefits of delivering criticism and factors to consider before communicating negatives.

Recognize legal implications in specific communication contexts such as denying credit.

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Definitions:

Social Security

A government program that provides financial assistance to people with inadequate or no income, especially the elderly, disabled, and families with children.

CPI

A metric known as the Consumer Price Index tracks the average price changes in a selected assortment of consumer items and services like medical care, transportation, and food, adjusting for their relative significance.

Price Inflation

The rate of growth in the overall price levels for goods and services, cutting down on purchasing capacity.

Real Price

The cost of a product or service once inflation has been taken into account, showing its true ability to purchase.