Consider the Following as You Answer the Question: Jon Is

question 14

Multiple Choice

Consider the following as you answer the question: Jon is an information systems consultant with a diverse client base.Some of his clients recently posed the questions listed below; Jon is considering which type of flowchart would best be used to answer each question.
i.What happens to a federal tax return once it is received by the IRS?
ii.How should a company calculate payroll withholding taxes?
iii.What kind of computer network is in place at a local IRS office?
iv.What process does an organization employ to determine how to invest money in a pension fund?
v.What steps must be completed to write and publish an accounting textbook?
How many of the preceding questions would best be answered by preparing a program flowchart?

• A)Zero
• B)One
• C)Three
• D)Five

---

Definitions:

Inflation

A general increase in prices and fall in the purchasing value of money.

Balance of Trade

The difference in value between a country's imports and exports over a certain period, indicating the economic health of a nation.

Columbian Period

The era in history following the arrival of Christopher Columbus in the Americas in 1492, marking the beginning of widespread European exploration and colonization.

Trade

The exchange of goods and services between people or entities, often in exchange for money, which is a fundamental aspect of economic activity and interaction.