Which of the Following Statements Regarding Accounting Information Systems Is

question 133

Multiple Choice

Which of the following statements regarding accounting information systems is not true?

• A) Accounting information systems cannot improve on a company's competitive edge.
• B) Accounting information systems are designed to capture information about a company's transactions.
• C) Accounting information systems are more important than ever to decision makers.
• D) Accounting information systems consist of people, records, methods, and equipment.
• E) Accounting information systems are designed to provide output including financial, managerial, and tax reports.

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Definitions:

Required Return

The minimum expected return an investor demands for an investment, considering its risk.

Net Operating Income

A measure of a company's profitability from its regular, core business operations, calculated as revenue minus operating expenses, excluding taxes and interest.

Current Price

The present market value or selling price of a good, service, or asset.

Product

An item or service created as a result of a process, intended for the market.