The ________ Principle Requires That an Accounting Information System Must

question 121

Short Answer

The ________ principle requires that an accounting information system must be able to adapt to changes in the company, business environment, and needs of decision makers.

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Definitions:

Money Center Bank

Large financial institutions that rely less on traditional bank deposits for funding and more on wholesale funding markets.

Retail Bank

A bank that provides financial services to individual consumers rather than businesses, offering deposits, loans, and other services.

Commercial Bank

A commercial bank is a financial institution that offers various services, such as accepting deposits, providing business loans, and offering basic investment products to individuals and businesses.

Corporate Bank

A financial institution that provides services such as loans, currency exchange, and large-scale investment opportunities to businesses and corporations.