The Use of Computerized Accounting Systems ________

question 214

Multiple Choice

The use of computerized accounting systems ________.

• A) makes it possible for most firms to operate without the expense of hiring or consulting with accountants.
• B) reduces the pressure on managers in making financial decisions.
• C) allows firms to generate financial information almost instantly and whenever the organization needs it.
• D) creates an environment in which accounting has become nothing more than glorified bookkeeping, as all accountants are required to do is enter data into the system and monitor the results the program generates.

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Definitions:

Private Employer

An individual or company operating in the private sector that hires employees for the purpose of conducting business.

Family and Medical Leave Act

A U.S. law that provides employees with up to 12 weeks of unpaid, job-protected leave per year for family and medical reasons.

Work Site

A location where professional duties or labor activities are carried out, ranging from office buildings to construction sites.

Landrum-Griffin Act

Also known as the Labor-Management Reporting and Disclosure Act of 1959, it is United States labor law that regulates labor unions' internal affairs and their officials' relationships with employers.