Which of the Following Factors Adversely Affects the Accuracy and the Timeliness

question 16

Multiple Choice

Which of the following factors adversely affects the accuracy and the timeliness of information systems in less-developed countries?

• A)limited sources of data for decision making
• B)high cost of capital items
• C)expensive labor
• D)strict labor laws

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Definitions:

Budgeted Balance Sheet

A financial report projected for the future that outlines a company's expected financial position, including assets, liabilities, and equity at a specific time.

Selling Expense Budget

A projection of the costs associated with selling a product or service, including advertising, sales staff salaries, and commissions.

Master Budget

The master budget is a comprehensive financial planning document that consolidates all of a company's individual budgets, forecasting future financial activities.

Sales

Deals involving the swapping of products or services for monetary value, which constitute the main income stream for numerous companies.