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:

Measurement

The process or the result of quantifying objects, phenomena, or relationships according to established rules and units.

Weight Gain

The increase in body weight over a period, which may result from growth, excess calorie intake, or other factors.

Perfect Reliability

Perfect reliability refers to a hypothetical situation where a measurement is completely free from error, achieving a reliability coefficient of 1.

Coefficient

A numerical or constant quantity placed before and multiplying the variable in an algebraic expression, or a measure used to describe a statistical relationship.