Fran Was Unhappy with Her Firm's Transaction Processing Software

question 64

Multiple Choice

Fran was unhappy with her firm's transaction processing software.Which of the following tools would be most useful to her in making it better?

• A)The capability maturity model
• B)The accounting cycle
• C)The systems development life cycle
• D)COSO's internal control framework

---

Definitions:

Trade Deficit

A trade deficit occurs when a country imports more goods and services than it exports, resulting in a negative balance of trade.

Trade Deficit

A situation where a country's imports exceed its exports during a given time period, indicating a net outflow of domestic currency to foreign markets.

Trade Deficit

A situation where a country's imports of goods and services exceed its exports.

Excise Tax

A tax imposed on specific goods, services, and activities, such as gasoline, tobacco, and alcohol, often used to discourage their use and generate revenue.