Which of the Following Are Obstacles in the Way of Adopting

question 13

Multiple Choice

Which of the following are obstacles in the way of adopting electronic records?

• A) Cost
• B) Privacy concerns
• C) Lack of interoperability
• D) All of the above

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Definitions:

Accounts Receivable

Accounts receivable represents money owed to a company by its customers for goods or services delivered or used but not yet paid for, typically recorded as an asset on the balance sheet.

Credit

An accounting entry recording a sum that has been received or is receivable, typically representing an increase in assets or a decrease in liabilities.

Services

Tasks or activities performed for the benefit or convenience of others, often in exchange for payment.

Asset Account

An account on a company's balance sheet that represents tangible or intangible items of value owned by the company.