Which Is Probably the Most Immediate and Significant Effect of Database

question 28

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:

Expert Power

A form of power that is derived from possessing knowledge, skills, or expertise in a particular area, which others respect and value.

Legitimate Power

The authority or power that is recognized as lawful and is derived from a position of responsibility within a hierarchical organization.

Coercive Power

A form of authority that relies on the fear of negative results from failing to comply, often involving threats or punitive measures.

Network Interactions

The dynamic exchanges and communications that occur within a network of individuals or organizations.