Which of the Following Is True of Outputs in an Accounting

question 131

Multiple Choice

Which of the following is true of outputs in an accounting information system?

• A)In a manual system, reports and financial statements must be created using Word documents, Excel spreadsheets, or PowerPoint.
• B)In a computerized system, the software can generate reports instantaneously that can never be manipulated.
• C)Examples of outputs in an accounting information system include purchase invoices, bank checks, and sales invoices.
• D)Since the output in an accounting information system are audited and error-free, it provides the evidence and data for accounting transactions.

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Definitions:

Manufacturing Cycle Efficiency (MCE)

A performance metric that measures the proportion of production time that is actually spent on value-added activities.

Combined Residual Income

This term might refer to the total residual income from various sources or projects, but without a standard definition, its specific meaning can vary.

Required Rate Of Return

The minimum percentage return that an investor expects to receive from an investment.

Contribution Margin Ratio

Contribution Margin Ratio is a company's contribution margin expressed as a percentage of its total sales, indicating the portion of sales revenue that is not consumed by variable costs.