To Safeguard a Business's Assets and Reduce the Likelihood of Fraud

question 104

Multiple Choice

To safeguard a business's assets and reduce the likelihood of fraud and errors,its accounting information system ________.

• A) should be manual
• B) must be flexible to accommodate changes in a business over time
• C) should work smoothly with the business's employees
• D) must provide adequate controls of a business's assets and data

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Definitions:

Total Utility

The overall satisfaction or happiness a consumer derives from consuming a certain amount or combination of goods and services.

Olive Oil

A liquid fat obtained from olives, a traditional tree crop of the Mediterranean Basin, used in cooking, cosmetics, and as a fuel.

Dish Soap

A cleaning product used to wash dishes, cut through grease, and sanitize kitchenware.

Income

Earnings acquired, frequently on a steady basis, through employment or investing activities.