Which Is Probably the Most Significant Effect of Database Technology

question 24

Multiple Choice

Which is probably the most significant effect of database technology on accounting?

• A)replacement of the double entry-system
• B)change in the nature of financial reporting
• C)elimination of traditional records such as journals and ledgers
• D)quicker access to and greater use of accounting information in decision-making

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Definitions:

Self-Directed Teams

Groups of individuals who manage their workload and operations independently, without the direct supervision of managers.

Informal Teams

Groups formed naturally around common interests or purposes without official structure or designation within an organization.

Workflow

Describes the sequence of processes through which a piece of work passes from initiation to completion.

Formal Lines Of Authority

Denote the clear hierarchical structures and pathways through which orders are passed and accountability is maintained in an organization.