An Accounting Information System Comprises Five Generic Parts

question 69

Multiple Choice

An accounting information system comprises five generic parts.Which of the following gives an example of an internal control associated with the financing process?

• A)Maintaining a good credit rating to facilitate the issuance of bonds and other debt securities.
• B)Evaluating employees in the finance department on a quarterly basis.
• C)Both maintaining a good credit rating to facilitate the issuance of bonds and other debt securities and evaluating employees in the finance department on a quarterly basis.
• D)Neither maintaining a good credit rating to facilitate the issuance of bonds and other debt securities nor evaluating employees in the finance department on a quarterly basis.

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Definitions:

Discharge

In hydrology, discharge refers to the volume of water moving through a given point or passage in a specified period of time, often measured in cubic feet per second or cubic meters per second.

Urbanization

The process by which cities grow or expand, resulting in the conversion of rural areas into urban ones, often associated with a variety of economic, social, and environmental changes.

Peak Flow

The maximum instantaneous discharge of a stream or river at a specific location and time.

Runoff

The flow of water that occurs when excess stormwater, meltwater, or other sources flows over the Earth's surface, often leading to erosion and transporting sediments.