All of the Following Are Reasons Why Information Technology Is

question 89

Multiple Choice

All of the following are reasons why information technology is important to accountants except:

• A)IT supports AIS functions such as communications and record keeping
• B)Accountants must often evaluate AISs for themselves or for clients
• C)It is important to keep up; if your competitor buys new computers, you should too
• D)IT is likely to affect the way accountants work in the future

---

Definitions:

Expected Value

A calculated average of all possible outcomes of a random variable, weighted by their probabilities.

English Auction

A type of auction in which the price starts low and is progressively bid upwards, with the highest bid at the end winning the item.

Rational Self-Interest

The principle that individuals tend to make decisions that maximize their own utility or benefit.

Collude

To conspire or work together secretly, especially in order to cheat or deceive others.