Accounting Systems

question 193

Multiple Choice

Accounting systems:

• A) are summarized in publicly published reports.
• B) analyze, record, summarize, and the activities affecting its financial condition and performance.
• C) monitor business activities only in financial terms.
• D) capture only the information that is needed by the owners of the company.

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Definitions:

Analysis Of Variance

A statistical method used to compare means of three or more samples, testing if at least one sample mean is different from the others.

Independent Samples

Samples that are selected from two populations in such a way that the samples are not related or do not influence each other.

One-Way Analysis Of Variance

A statistical method used to test the difference between the means of three or more independent groups on a single factor to determine if at least one group mean is statistically different.

Kruskal-Wallis Test

A non-parametric statistical test used to compare three or more independent samples to determine if they come from the same distribution.