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:

Arbitration Clauses

Provisions within a contract that require disputes arising under the contract to be resolved through arbitration rather than through court litigation.

Uniform Arbitration Act

A model statute adopted by some states to provide a standardized approach to the arbitration of disputes.

Arbitration Act

Legislation that provides a legal framework for arbitration, a form of alternative dispute resolution outside of courts.

Mini-trial

A voluntary, private, informal dispute resolution process where each party to a dispute presents a summarized version of its case to a panel, often as a prelude to other negotiations.