Which of the Following Statements About Computerized Accounting Systems Is

question 6

Multiple Choice

Which of the following statements about computerized accounting systems is false?

• A)Even small accounting packages like QuickBooks have features used for managerial accounting purposes.
• B)The size of an organization and the information needs of an organization are important in determining which accounting software is appropriate.
• C)Enterprise Resource Planning (ERP)systems are appropriate for all companies.
• D)Accounting systems are typically used for internal and external reporting purposes.
• E)None of the above.

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Definitions:

Factor Analysis

A statistical method used to identify underlying structures or factors among a set of observed variables by reducing data complexity.

Myth

A traditional story, especially one concerning the early history of a people or explaining some natural or social phenomenon, and typically involving supernatural beings or events.

Scale Construction

The process of developing a measurement tool that quantifies abstract concepts or variables, often involving item generation, testing, and validation.

Item Generation

The process of creating questions, prompts, or tasks for use in surveys, assessments, or tests.