The Objectives of an Information System Include Each of the Following

question 34

Multiple Choice

The objectives of an information system include each of the following except

• A)support for the stewardship responsibilities of management
• B)furthering the financial interests of shareholders
• C)support for management decision making
• D)support for the firm's day-to-day operations

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Definitions:

Planning and Control

Processes used by management to establish objectives, execute plans to meet those objectives, and monitor progress.

Responsibility Accounting

An accounting system that collects, summarizes, and reports financial information about different areas of responsibility within an organization.

Responsibility Centers

Divisions or units within an organization for which managers are accountable for certain activities or financial outcomes.

Management by Exception

A management strategy where only significant deviations from expected outcomes are addressed, focusing leaders' attention on the most important issues.