Identify the Statement Below That Is Not a Major Reason

question 48

Multiple Choice

Identify the statement below that is not a major reason companies change their information systems.

• A) in response to changes in user needs
• B) in response to technological changes
• C) to gain a competitive advantage
• D) to take advantage of tax benefits

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Definitions:

External Decision Makers

Individuals or entities outside of a company that use its financial information to make decisions, such as investors and creditors.

International Financial Reporting Standards (IFRS)

A set of accounting standards developed by the International Accounting Standards Board (IASB) that guide the preparation of financial statements globally.

Retained Earnings

The portion of net income that is not distributed to shareholders as dividends but retained by the company for reinvestment.