Which of the Following Is a Feature of an Effective

question 34

Multiple Choice

Which of the following is a feature of an effective accounting information system?

• A)compatibility
• B)control
• C)flexibility
• D)all of the above

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Definitions:

M2

A gauge of the total money available that encompasses physical currency, deposits in checking accounts, and near money assets like savings accounts and money market investments, which can be quickly converted to cash.

Savings Deposits

Accounts at banks or financial institutions where individuals can deposit their money to earn interest over time.

Demand Deposits

Bank accounts from which deposited funds can be withdrawn at any time without any notice to the bank.

Fiscal Policy

Governmental policies regarding taxation and spending to influence an economy.