The Five Fundamental Principles of Accounting Information Systems Are

question 135

Multiple Choice

The five fundamental principles of accounting information systems are:

• A) Historical cost, relevance, compatibility, flexibility, and cost-benefit.
• B) Control, relevance, compatibility, flexibility, and safety.
• C) Historical cost, relevance, compatibility, timeliness, and cost-benefit.
• D) Control, accountability, relevance, compatibility, and flexibility.
• E) Control, relevance, compatibility, flexibility, and cost-benefit.

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Definitions:

Mental Representation

An internal depiction of an object; thinking of an object using mental pictures.

Equilibrium

A state of balance or stability within a system, achieved when competing forces or influences are equal.

Disequilibrium

A state of imbalance or instability due to a mismatch between the demand and supply in a market or in physiological contexts, the body's inability to maintain homeostasis.

Reflexes

Involuntary and automatic responses of the body to a stimulus.