The Five Basic Components of Accounting Systems Are Source Documents

question 40

True/False

The five basic components of accounting systems are source documents, input devices, information processors, information storage, and output devices.

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Definitions:

Consumerism

The cultural inclination towards the buying and accumulation of goods and services in ever-increasing amounts.

Oppose Consumerism

To critique or resist the culture of acquiring and valuing goods and services in excess of one's basic needs.

Evolutionary Psychologists

Scientists who study the psychological traits such as memory, perception, and language from a modern evolutionary perspective.

Promiscuity

Engaging in sexual behaviors with multiple partners without commitment or long-term bonding.