Which of the Following Is True of an Accounting Software

question 34

Multiple Choice

Which of the following is true of an accounting software?

• A)It is electronic equipment.
• B)It can never save any transaction data.
• C)It can read, edit, and store transaction data.
• D)It cannot be customized.

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Definitions:

Qualitative Forecasting

The method of forecasting outcomes based on non-numerical information such as expert opinion, rather than quantitative data.

Expert Opinions

Judgments or advice given by individuals with extensive knowledge or expertise in a particular area.

Procedures

Established sequences of actions or steps designed to achieve specific tasks or processes within an organization.

Qualitative Forecasting

A forecasting method that relies on expert opinions, theories, and market research instead of numerical data.