A Business Must Only Invest in an Accounting Information System

question 65

True/False

A business must only invest in an accounting information system in which the benefits received outweigh the cost of the system.

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Definitions:

Seller

An individual or entity that offers goods or services for sale to consumers or other businesses.

UCC

The Uniform Commercial Code (UCC) is a comprehensive set of laws governing commercial transactions, including sales of goods and secured transactions, in the United States.

Remedies

Legal means through which a right is enforced or the violation of a right is prevented, redressed, or compensated.

Liquidated Damages

A provision in a contract that predetermines the amount of damages to be paid if a party breaches the agreement.