Which of the Following Is True of an Effective Accounting

question 88

Multiple Choice

Which of the following is true of an effective accounting information system?

• A)It has little influence in improving a company's internal control activities.
• B)The cost of using an accounting information system is the same for both small and large businesses.
• C)A compatible accounting information system works smoothly with the business's employees and organizational structure.
• D)Large private companies prefer a manual accounting information system since their financial statements are not audited.

Understand the differences in speed and function between various data manipulation instructions such as COP and FAL.

Understand the importance and purpose of economic models.

Identify the participants in the economy and their roles.

Grasp the concept of the circular-flow diagram and its components.

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Definitions:

Group Decision Making

The process where a group of individuals come together to make a decision, often involving discussions, debates, and consensus-building among members.

Semiautonomous Teams

Groups of workers who are given the freedom to manage their own processes and tasks within a project, though under some level of supervision.

Self-Managed Work Teams

Groups of employees who collectively manage their tasks, responsibilities, and decision-making processes without traditional managerial supervision.

Nonverbal Communication

The process of conveying a message without the use of words, involving gestures, body language, facial expressions, and other visual cues.