The Objectives of All Information Systems Include All of the Following

question 65

Multiple Choice

The objectives of all information systems include all of the following except

• A)support for the stewardship function of management
• B)evaluating transaction data
• C)support for the day-to-day operations of the firm
• D)support for management decision making

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Definitions:

Initial Cash Flow

The initial movement of money for an investment or project, often an outlay, which is considered when evaluating the potential financial returns.

Liabilities

Liabilities are financial obligations a company owes to external parties, such as loans, accounts payable, and mortgages.

Accrual

An accounting method that records revenues and expenses when they are incurred, regardless of when cash is exchanged.

Accrual

The accounting method that records revenues and expenses when they are incurred, regardless of when cash transactions occur.