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:

Independent Agency

An agency of the government that is created by an act of Congress and is independent of the executive departments, designed to impose and enforce regulations free of political influence.

Implementation

The process of putting plans, strategies, or laws into effect, often referring to how government policies are executed in the real world.

Line Agencies

Line agencies are government departments or organizations that directly execute the policies and plans of the government by delivering services to the public.

Economic Activity

Actions that involve the production, distribution, and consumption of goods and services within an economy.