An Accounting Information System Is Said to Have Good Control

question 92

Multiple Choice

An accounting information system is said to have good control characteristics,if it ________.

• A) works smoothly with the business's employees and organizational structure
• B) safeguards a business's assets and reduces the likelihood of fraud and errors
• C) provides information that will improve decision making and reduce uncertainty
• D) accommodates changes in the business over time

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Definitions:

Unemployment Rates

The share of the working population that is not employed but is in active pursuit of employment.

Improvements in Technology

Advances or upgrades in technological systems, processes, or products, leading to increased efficiency, productivity, or new capabilities.

Per-Worker Production Function

A mathematical representation of the output produced per worker, based on factors like technology and capital.

Diminishing Slope

usually refers to the principle of diminishing returns in economics, where the rate of return or yield decreases as more input is added.