An Accounting Information System Is Said to Be Relevant If

question 98

Multiple Choice

An accounting information system is said to be relevant if it:

• A)works smoothly with the business's employees and organizational structure.
• B)safeguards a business's assets and reduces the likelihood of fraud and errors.
• C)provides information that will improve decision making and reduce uncertainty.
• D)can accommodate changes in the business over time.

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Definitions:

Infinite Population

A hypothetical concept where the population size is considered unlimited or boundlessly large, often used in theoretical models and assumptions.

Standard Deviation

A measure that quantifies the amount of variation or dispersion in a set of data values, calculated as the square root of the variance.

Sample Mean

The arithmetic average of a set of values, calculated by adding them up and dividing by the number of values.

Finite Population Correction

A factor applied in sample calculations to adjust for the size of the population when the population is not infinitely large.