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:

Variable Manufacturing Costs

Costs that vary directly with the level of production output, such as raw materials and direct labor.

Break-Even Point

The point at which total revenues equal total costs, meaning no profit or loss is incurred.

Fixed Costs

Expenses that do not change in proportion with the activity of a business, such as rent, salaries, and insurance.

Units

A measure of quantity, whether referring to the products manufactured, services provided, or another quantifiable resource.