In Contrast with View-Driven AIS, Event-Driven Accounting Information Systems Focus

question 51

Multiple Choice

In contrast with view-driven AIS, event-driven accounting information systems focus on:

• A)Business processes.
• B)Journal entries.
• C)Ledger accounts.
• D)All of these.

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Definitions:

Fixed Corporate Costs

Expenses that do not vary with production volume or sales, such as salaries of managerial staff and rent for corporate headquarters.

Fixed Expenses

Costs that do not fluctuate with changes in production level or sales volume.

Avoidable Expenses

Costs that can be eliminated if a certain decision is made, such as discontinuing a product line.

Financial Advantage

A benefit enjoyed by an entity that puts it in a stronger financial position, such as lower costs, greater revenues, or superior investment returns.