Which IT System Allows Accountants to Quickly Build Ad Hoc

question 67

Multiple Choice

Which IT system allows accountants to quickly build ad hoc reports and make structural changes in the organizational data?

• A)Accounting information systems
• B)Web systems
• C)Spreadsheets
• D)Database management systems

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Definitions:

Stock Split

A corporate action that increases the number of a corporation's outstanding shares by dividing each share, which typically reduces the share price.

Par Stock

A system that establishes a minimum level of inventory that must be on hand at all times to adequately serve customer needs.

Cumulative Preferred Stock

A type of preferred stock that entitles shareholders to receive dividends in arrears before any dividends can be distributed to common stockholders.

Par Common Stock

The nominal or face value assigned to common shares by the company's charter, which has little relation to the market value of the shares.