When Integrating IT into Accounting Systems, Which of the Following

question 24

Multiple Choice

When integrating IT into accounting systems, which of the following would enhance internal control?

• A) computer controls replacing manual ones
• B) higher quality information
• C) both A and B
• D) none of the above

Understand the role of intuitive thinking in decision-making processes.

Explain the effects of framing on perception and choice.

Understand overconfidence and its impact on judgment and decision-making.

Understand the distinction between transformational and transactional leadership theories.

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Definitions:

Average Sale Period

The average amount of time it takes for a business to sell its inventory or a specific product.

Net Profit Margin Percentage

A financial ratio indicating the percentage of revenue that remains as net income after all expenses, interest, and taxes have been deducted.

Equity Multiplier

The equity multiplier is a financial leverage ratio that measures the portion of a company’s assets financed by stockholders' equity, indicating financial risk.

Total Assets

The total of all assets owned by a company, including current and non-current assets, representing its value to shareholders.