The Five Fundamental Principles of Accounting Information Systems Are

question 131

Multiple Choice

The five fundamental principles of accounting information systems are:

• A)Control,accountability,relevance,compatibility,and flexibility.
• B)Control,relevance,compatibility,flexibility,and cost-benefit.
• C)Control,relevance,compatibility,flexibility,and safety.
• D)Control,relevance,compatibility,timeliness,and cost-benefit.
• E)Historical cost,relevance,compatibility,flexibility,and cost-benefit.

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Definitions:

Northwest Corner Allocation

A method used in operations research for solving transportation problems by starting allocations in the northwest (top-left) corner of a cost matrix and moving through the matrix to minimize costs.

Northwest-Corner Rule

A procedure in the transportation model where one starts at the upper-left-hand cell of a table (the northwest corner) and systematically allocates units to shipping routes.

Feasible Solution

A potential solution to a problem that meets all the constraints and requirements specified in the problem's definition.