What Is the Term for a Computerized Information System That

question 208

Multiple Choice

What is the term for a computerized information system that strives to input data once and make it available to people across the company for different purposes?

• A)cost management information system
• B)enterprise resource planning system
• C)internal accounting system
• D)financial accounting system

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Definitions:

Straight-Line Amortization

Straight-line amortization is a method of gradually reducing the cost of an intangible asset over its useful life in equal installments.

Bond Interest Expense

The cost incurred by an issuer of bonds for paying interest to bondholders.

Face Value

The nominal or dollar value printed on a financial instrument, such as a bond or stock certificate, representing its legal value.

Semiannually

A term that describes an event or action that occurs twice a year, typically every six months.