An Effective Accounting Information System That Provides Relevant Information

question 49

Multiple Choice

An effective accounting information system that provides relevant information:

• A)will increase the likelihood of fraud and errors.
• B)reduces the cost of employing an accounting information system.
• C)improves decision making and reduces uncertainty.
• D)should be manual to improve the accuracy of data entry.

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Definitions:

Production Possibilities Frontier

A curve depicting the maximum attainable combinations of two products that a society can produce with available resources and technology.

Production Possibilities Frontier

A curve depicting all maximum output possibilities for two goods, given a set of inputs, representing the trade-offs between the two commodities.

Computers

Electronic devices that process, store, and output information, capable of executing complex algorithms and tasks.

Tested

The process of examining or evaluating something to determine its characteristics, quality, or performance.