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:

Personalized Pricing

A pricing strategy where the price of a good or service is tailored to each individual customer based on factors such as their shopping habits or willingness to pay.

Big Data

Large and complex data sets that traditional data-processing software are inadequate to deal with, characterized by volume, velocity, and variety.

Luxury Automobile

A high-end vehicle offering exceptional comfort, performance, and technological features, often symbolizing status and wealth.

High-End Fashion

Clothing, accessories, and lifestyle items that are made by leading fashion houses, characterized by exclusivity, luxury materials, and high price points.