Positive Aspects of the Use of Internet-Based Accounting Software Includes

question 18

Multiple Choice

Positive aspects of the use of Internet-based accounting software includes which of the following?

• A) Suitability for highly complex large businesses.
• B) Continual updates for tax rate and other changes.
• C) Unlimited options for company personnel.
• D) Fixed software layout for consistency among companies.

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Definitions:

Demand Curves

Graphical representations showing the relationship between the price of a good and the quantity demanded by consumers, typically downward sloping.

Supply Curves

An illustrative chart showing how the price of a product or service correlates with its supply during a certain period.

Law Of Supply

An increase in the price of a product will increase the quantity of it supplied; and conversely for a decrease in price.

Quantity Supplied

The quantity of a product that suppliers are ready and capable of offering for sale at a certain price during a defined timeframe.