Which Statement Below Regarding the AIS Is False

question 20

Multiple Choice

Which statement below regarding the AIS is false?

• A)The AIS must be able to provide managers with detailed and operational information about the organization's performance.
• B)Both traditional financial measures and operational data are required for proper and complete evaluation of performance.
• C)The AIS was often just one of the information systems used by an organization to collect and process financial and nonfinancial data.
• D)Traditionally,most AIS have been designed so that both financial and operational data are stored in a manner that facilitates their integration in reports.

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Definitions:

Year-End Equity

refers to the total value of an owner's interest in a company at the end of a financial year, calculated as assets minus liabilities.

Total Assets

The sum of all resources owned by a company, valued in terms of monetary units, which includes both current and non-current assets.

Traditional Balance Sheet

A financial statement that provides a snapshot of a company's financial position at a specific point in time, showing assets, liabilities, and equity.

Corporate Tax Schedule

A corporate tax schedule is a chart or system that determines the tax rate applied to a corporation's taxable income.