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:

Underemployment

Underemployment refers to situations where workers are employed below their capacity, either through part-time jobs when they seek full-time employment or in positions that underutilize their skills.

Labor Resources

The available human workforce; the people available for work and their skills, which are vital for the production of goods and services.

Agriculture

The process of tilling the land, planting crops, and breeding animals to produce food, materials, and various goods.

Investment Obstacles

Challenges or barriers that hinder the allocation of capital into projects or opportunities, potentially restricting economic growth and productivity.