What Impact Is the Presence of Factors Such as Real-Time

question 15

Multiple Choice

What impact is the presence of factors such as real-time information (such as via the Internet) expected to have upon the demand for assurance services?

• A)Demand is expected to decline due to the lack of adequate resources.
• B)Demand is expected to grow due to the increase in large corporations.
• C)Demand is expected to grow due to the need for forward-looking information.
• D)Demand is expected to decline as small businesses use the Internet more.

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Definitions:

Disbursement Float

The time lag between when a payment is issued by a payer and when the funds are actually withdrawn from the payer's account.

Receivable Accounts

Balances of money due to a company for goods or services provided that have not yet been paid by customers.

Collection Time

The average period that a company takes to collect payments from its customers after a sale has been made, impacting cash flow and liquidity.

Processing Delay

The time lag between the initiation and completion of a process, often seen in transaction processing or manufacturing operations.