The Accounting Principle That Prescribes an Accounting Information System Conform

question 115

Multiple Choice

The accounting principle that prescribes an accounting information system conform with a company's activities, personnel, and structure is the:

• A) Control principle.
• B) Compatibility principle.
• C) Cost-Benefit principle.
• D) Flexibility principle.
• E) Relevance principle.

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Definitions:

Forecast Error

The difference between the actual demand and the forecasted demand, indicating the accuracy of forecasting methods.

Moving Average

A statistical method used to analyze data points by creating a series of averages of different subsets of the full data set.

Excel Function

A predefined formula in Microsoft Excel that performs calculations using specific values in a particular order.

Mean Absolute Deviation

A statistical measure that quantifies the average absolute deviation of data points from their mean, used to gauge variability within a dataset.