Identify the Accounting Information System Principle Below That Applies to Each

question 25

Short Answer

Identify the accounting information system principle below that applies to each of these situations
A. Flexibily
B Compatiblity
C. Control
D. Cost-benefit
F. Relevance
$\underline{\quad\quad}$ 1. Global Company has designed therr accounting information system so that key managers can obtain the information they need to make decisions relating to new products, sales and controlling costs
$\underline{\quad\quad}$ 2. Global Company's accounting information system has policies to ensure that financial statements will be reliable, assets are protected and relevant laws and regulations are complied with
$\underline{\quad\quad}$ 3. Global Company's accounting information system can be improved markedly for a cost of about $\$ 30,000,000$ .
However, the incremental benefits from such improvements are not expected to outweigh this cost
$\underline{\quad\quad}$ 4. Global Company has world-wide operations that must handle several thousand different products, so the accounting information system is fairly complex, encompassing marketing and manufacturing
$\underline{\quad\quad}$ 5. Global Company has designed their accounting
information system to be adaptable to changes in technology, the business environment the needs of decision makers

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Definitions:

Patrick Lencioni

An author and speaker known for his work on business management, particularly around team dynamics and organizational health.

Virtual Team

A group of individuals who work together from different geographic locations, supported by electronic communication technologies.

Empowered Decisions

Choices made with confidence and authority, often backed by the support and resources needed to implement them effectively.

Working Dynamic

The evolving interactions and relationships between members within a workplace, influencing the group's function and productivity.