Which of the Following Statements Is False

question 63

Multiple Choice

Which of the following statements is false?

• A) Most computerized accounting systems use principles from manual systems.
• B) Subsidiary ledgers and special journals are only useful when a business doesn't have a large number of similar transactions.
• C) Even small companies use computerized accounting systems.
• D) Large companies often integrate their accounting system with their automated business systems.

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Definitions:

Central Tendency

A statistical measure that identifies a single value as representative of an entire distribution of data, typically the mean, median, or mode.

Data Aging

The process by which data becomes outdated or less relevant over time, often due to changes in context or the emergence of more current information.

Pay Equity

The concept that employees should receive equal pay for work of equal value regardless of gender, ethnicity, or other non-performance-related factors.

Market Comparator Firms

Companies used as benchmarks to evaluate competitive aspects such as salaries, benefits, and working conditions for benchmarking purposes.