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:

Economic Factors

Elements that influence the performance of an economy, including but not limited to inflation rates, interest rates, government policy, employment levels, and GDP growth.

Share A Culture

Involves the collective sharing and transmitting of values, beliefs, customs, practices, and social behaviors within a community or society.

Systematically Murder

The planned and organized act of killing individuals or groups, often signifying an underlying motive or policy.

Social Category

A grouping of individuals sharing a common characteristic (such as age, gender, or religion) without necessarily interacting or identifying with each other.