Which of the Following Is a Benefit of Using a Computerized

question 47

Multiple Choice

Which of the following is a benefit of using a computerized accounting information system?

• A) The software can accurately measure the intrinsic value of the firm using the built-in simulation techniques.
• B) There is no need to review the financial statements for accuracy.
• C) The software is easy to use and thus no training or financial statement review is necessary.
• D) The software automatically transfers the amounts from the general ledger to the financial statements.

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Definitions:

Neutrality

The state or position of being impartial or not taking sides, especially in conflicts or decision-making processes.

Coalitions

Alliances formed between groups or organizations with a common interest or goal, typically to combine efforts in advocacy or to effect change.

Subpoenaed

The act of being legally ordered to appear before a court or to produce evidence in a legal proceeding.

Engagement Phase

A stage in various processes (e.g., therapy, project planning) where participants or stakeholders begin to interact actively and commitments are established.