Which of the Following Factors Determines the Structure, Features, and Functions

question 55

Multiple Choice

Which of the following factors determines the structure, features, and functions of an information system used in a company?

• A) the competitive strategy
• B) the value of its brands
• C) the size of the company
• D) the technology used by competitors

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Definitions:

Disclosed Basis of Accounting

The accounting principles and policies a company openly reports in its financial statements.

GAAP

Generally Accepted Accounting Principles, a common set of accounting principles, standards, and procedures that companies must follow when they compile their financial statements in the U.S.

Fair Value

The price at which an asset would be exchanged between knowledgeable, willing parties in an arm's length transaction.

Full IFRS

The complete set of International Financial Reporting Standards that are globally accepted guidelines for preparing financial statements.