Which of the Following Are Not Major IT Applications

question 48

Multiple Choice

Which of the following are not major IT applications?

• A)Financial management support
• B)Supply-chain systems
• C)Human Resources support
• D)Facilities management support

Know the role of the International Accounting Standards Board (IASB) and the Securities and Exchange Commission (SEC) in establishing accounting standards and principles.

Grasp the principles of objectivity, cost principle, and the going-concern assumption in accounting.

Understand the concepts of planning activities and their financing in businesses.

Recognize the importance of general accounting principles and the accounting equation in business operations.

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Definitions:

Stratification

A sociological term referring to the classification of society into groups based on wealth, power, and social status.

Progressive Taxation

A taxing system where the tax rate increases as the taxable amount increases, with higher income individuals paying a higher percentage of their income than lower-income individuals.

Regressive Taxation

A tax system where the tax rate decreases as the taxable amount increases, placing a higher relative burden on lower-income earners.

Poverty

A socio-economic condition characterized by a lack of financial resources necessary for basic living standards such as shelter, food, and healthcare.