Computer Programs That Make It Easy to Use Specific Techniques

question 85

Multiple Choice

Computer programs that make it easy to use specific techniques are best defined as:

• A) techniques.
• B) tools.
• C) methodologies.
• D) data flows.
• E) flow charts.

---

Definitions:

Lessor Classification

Refers to criteria used by lessors to determine whether a lease should be classified as a finance lease or an operating lease.

Nonrecourse Financing

A loan where the lender's only recourse in case of default is to seize the collateral securing the loan, with no further claim on the borrower's assets.

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board for global use.

GAAP

The standard framework of guidelines for financial accounting employed within any specific jurisdiction, known as Generally Accepted Accounting Principles.