Which of the Following Is TRUE of an Effective Accounting

question 39

Multiple Choice

Which of the following is TRUE of an effective accounting information system?

• A) It has little influence in improving a company's internal control activities.
• B) The cost of using an accounting information system is the same for both small and large businesses.
• C) A compatible accounting information system works smoothly with the business's employees and organizational structure.
• D) Large private companies prefer a manual accounting information system since their financial statements are not audited.

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Definitions:

Affordable Care Act

A comprehensive health care reform law enacted in March 2010 in the United States, aimed at making affordable health insurance available to more people and reducing the growth in healthcare spending.

Consumer Protections

Laws and regulations designed to safeguard the rights and interests of consumers in the marketplace.

Coverage and Costs

Terms referring to the extent of healthcare services covered by insurance policies and the financial charges associated with them.

Healthcare Insurance

A financial arrangement that covers or subsidizes healthcare costs in exchange for premiums, often provided by employers or purchased individually.