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

---

Definitions:

Optimum Location

The most favorable place for a business to operate, considering factors such as cost, accessibility, and market presence.

Make Decision

The process of choosing among various options or actions to solve a problem or achieve a goal.

Make Or Buy

A decision-making process in which a company evaluates whether to produce goods internally or purchase them from external suppliers.

Product Design

The process of creating a new product to be sold by a business to its customers, including the specification of its features and appearance.