Keeping Accurate Records of Accounts Receivable Is an Example of Which

question 42

Multiple Choice

Keeping accurate records of accounts receivable is an example of which feature of a good accounting information system?

• A)control
• B)compatibility
• C)favourable cost/benefit relationship
• D)flexibility

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Definitions:

Corporate Culture

The shared values, beliefs, ethics, and practices that characterize an organization and guide its employees' behavior.

Environmental Opportunities

Circumstances in the external environment that a business can leverage to its advantage for growth or improvement.

Product Life Cycle

Product life cycle is the series of stages a product or service goes through in the ‘life’ of its marketability.

Defender Strategies

Approaches used by organizations to protect their existing market share by improving efficiency and product quality, while not seeking to aggressively expand.