An AIS Must Be Able to Fulfill Three Important Functions

question 50

Multiple Choice

An AIS must be able to fulfill three important functions in any organization.One such function is the collecting and storing of data about activities performed by the organization.One group that relies on both the adequate collection and transformation of data for decision-making purposes for an organization is

• A)management.
• B)interested outsiders.
• C)competitors.
• D)the government.

---

Definitions:

Private Placement Offering

The sale of stocks, bonds, or securities directly to private investors rather than through a public offering, typically involving fewer regulatory requirements.

Registration Statement

A set of documents filed with a regulatory body, like the SEC, by a company intending to issue public stock or securities, providing essential financial and business information.

Unaccredited Investor

An individual or entity that does not meet the criteria set by regulatory authorities to be considered an accredited investor, often limiting their investment opportunities.

Tipper

An individual who provides valuable, often confidential, information to someone, especially in financial contexts.