When Data Is "Hard Keyed" into the Program, Which of the Following

question 51

Multiple Choice

When data is "hard keyed" into the program, which of the following is true?

• A)Changing the data is cost efficient and may be accomplished in a matter of minutes.
• B)Changing the data is costly and may take days or weeks.
• C)Changing the data requires purchasing additional computer storage and may take days or weeks.
• D)Changing the data requires recreating (recoding)the entire program.

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Definitions:

Empowerment

The practice of giving employees the authority, tools, and responsibility to make decisions and contribute to the company's success.

Controllability

The principle that managers should be held accountable only for those aspects of performance that they can influence or control.

Real-Time Reporting

The process of providing immediate updates and financial information as events occur, allowing for timely decision-making and analysis.

Virtual Close

A method allowing companies to quickly estimate their financial position at any given time without waiting for the formal closing process.