The Term "Scalability" Refers to the Ability of an Organization

question 77

True/False

The term "scalability" refers to the ability of an organization to ramp up processing volume, number of simultaneous users, and similar items as a company and its accounting transactions grows.

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Definitions:

External Auditors

Independent professionals outside of the organization who examine the company's financial statements to ensure accuracy and compliance with accounting standards.

Electronic Funds Transfers

A system that allows the transfer of money between accounts via electronic signals, removing the need for physical exchanges.

Cash Disbursements

Outflows of cash for expenses, or payments made by a business during a specific period, such as paying suppliers, employees, or other expenditures.