Which of the Following Statements Is False

question 45

Multiple Choice

Which of the following statements is false?

• A)Technology has allowed many industries to provide better, faster, and higher quality information.
• B)Business process must adapt to the new technologies.
• C)Business processes, IT systems, and the accounting information system are inextricably linked.
• D)IT systems have not had a major impact on the input of data into the accounting information system.

Evaluate make-or-buy decisions considering opportunity costs and total cost implications.

Assess the relevance of specific costs and revenue factors in segment elimination and make-or-buy decisions.

Calculate cash payback period and its importance in assessing investment opportunities.

Estimate internal and annual rate of return to evaluate the profitability of investments.

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Definitions:

Resource Partitioning

The process by which competing species use the environment differently in a way that helps them to coexist.

Competitive Exclusion

A principle in ecology that states two species competing for the same limited resource cannot coexist at constant population values, one will always outcompete the other.

Competition

The interaction between organisms or species, where the fitness of one is lowered by the presence of another.

Commensalism

A type of symbiotic relationship where one organism benefits from the association while the other is neither benefited nor harmed.