Which of the Following Statements About Information Overload and Accounting

question 64

Multiple Choice

Which of the following statements about information overload and accounting information systems is most true?

• A)Even with a properly designed AIS, decision makers can experience information overload.
• B)A well designed AIS can help decision makers manage information overload.
• C)Both even with a properly designed AIS, decision makers can experience information overload and a well designed AIS can help decision makers manage information overload are true.
• D)Neither even with a properly designed AIS, decision makers can experience information overload nor a well designed AIS can help decision makers manage information overload is true.

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Definitions:

Prepaid Items

Prepaid items refer to expenses paid in advance for goods or services to be received in the future.

Adjusting Entries

These are journal entries made at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.

Expense Account

An account used to track expenditures or costs incurred by a business or an individual for operational purposes.

Asset Account

An account that tracks resources owned or controlled by a business or individual which have economic value.