An Effective Accounting Information System

question 99

Multiple Choice

An effective accounting information system:

• A)allows employees flexibility in setting the working hours.
• B)guarantees a company will not go bankrupt.
• C)includes control, compatibility, flexibility, and a favourable cost/benefit relationship.
• D)promotes operational efficiency.
• E)will prevent fraud in all cases.

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Definitions:

Stumbling Block

An obstacle or hindrance that prevents progress.

Entrepreneurs

Individuals who initiate, manage, and assume the risks of a business or enterprise.

Run Out of Money

The situation where an individual or business exhausts their financial resources, rendering them unable to cover expenses.

Independent Contractor/Consultant

An individual who provides services to organizations on a non-permanent basis under specific terms without being considered an employee.