What Is a Benchmark Problem

question 24

Multiple Choice

What is a benchmark problem?

• A) a difficulty encountered when attempting to bring an accounting information system up to industry best practices
• B) a method used to compare the efficiency of alternative accounting information systems
• C) the cost-benefit tradeoff defined by the relationship between increased costs and increased benefits from a system
• D) a method used to test the compatibility of a new accounting information system with existing hardware and software

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Definitions:

Per Capita

A method of distributing an intestate’s estate so that each heir in a certain class (such as grandchildren) receives an equal share.

Probate Judge

A Probate Judge oversees legal processes involving the distribution of a deceased person's estate, including the validation of wills and resolving contests and claims against the estate.

Intestacy Statutes

Laws that determine how a person's property will be distributed if they die without a will.

Bequest

A gift of personal property by will (from the verb to bequeath).