Which Is Probably the Most Immediate and Significant Effect of Database

question 105

Multiple Choice

Which is probably the most immediate and significant effect of database technology on accounting?

• A)Replacement of the double entry-system.
• B)Change in the nature of financial reporting.
• C)Elimination of traditional records such as journals and ledgers.
• D)Quicker access to and greater use of accounting information in decision-making.

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Definitions:

Performance Efficiency

The relationship between the resources expended and the results achieved, indicating how well an entity uses resources to produce outputs.

Performance Effectiveness

An output measure of task or goal accomplishment.

Work-Life Balance

The equilibrium or balance that an individual aims to maintain between their work commitments and personal life activities, promoting well-being and reducing stress.

Profitability

A financial metric that measures the degree to which a company or business activity makes money, expressing profit as a proportion of revenue.