All of the Following Statements Regarding Accounting Information Systems Are

question 129

Multiple Choice

All of the following statements regarding accounting information systems are true except:

• A)Accounting information systems collect and process data from transactions and events.
• B)Accounting information systems organize data in useful forms.
• C)Accounting information systems do not establish internal control procedures.
• D)Accounting information systems are crucial to effective decision making.
• E)Accounting information systems communicate information to business decision makers.

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Definitions:

Employee Stock Ownership Plans (ESOPs)

Benefit plans giving employees ownership interest in the company, often as a retirement benefit or as a means to align employee incentives with company performance.

Smaller Companies

Firms that are relatively small in terms of their market capitalization, often characterized by their potential for growth and higher risk.

Crisis

A critical or unstable time or state of affairs in which a decisive change is impending, often one with the possibility of a highly undesirable outcome.

Press Conference

A scheduled event where an organization or individual makes an announcement to the media and answers journalists' questions.