PharmaONE Plans to Use Its Computers to Post Information from Journals

question 354

Multiple Choice

PharmaONE plans to use its computers to post information from journals to the ledger instantaneously. One obvious benefit of this technology is

• A) a reduction in the number of accountants required by the firm.
• B) less scrutiny from agencies such as the Internal Revenue Service.
• C) to shift financial decision making from people to programmed technology.
• D) readily available financial information.

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Definitions:

Consumer Protection

Laws and regulations designed to ensure the rights of consumers are protected against unfair practices by businesses.

Income Distribution

The way in which a nation’s total GDP is distributed amongst its population, affecting economic inequality.

Purchasing Power

The ability of consumers or businesses to buy goods and services, often influenced by income levels, inflation, and economic conditions.

Indirect Competition

A process in which products provide alternative solutions to the same market.