Which of the Following Is a Benefit of Using a Computerized

question 10

Multiple Choice

Which of the following is a benefit of using a computerized accounting information system?

• A)It can accurately measure the intrinsic value of the firm using the built-in simulation techniques.
• B)The accountant, who inputs data, is not required to review the financial statements for accuracy.
• C)The accountant, who inputs data, need not set the correct time period.
• D)It automatically transfers the amounts from the general ledger to the financial statements.

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Definitions:

Prevention Cost

Expenditures made to avoid defects in products or services, including costs related to quality planning, training, and product design.

Technical Support

Assistance provided to customers or users with technology products or services, often regarding software, hardware, or other electronic or mechanical goods.

Debugging Software Errors

The process of identifying, analyzing, and correcting bugs in software.

External Failure Cost

Costs incurred when products or services fail to meet quality standards after being delivered to the customer, including returns, repairs, and warranty claims.