Some of the Radical Changes Brought About by New Technologies

question 48

Multiple Choice

Some of the radical changes brought about by new technologies include:

• A) the stagnation of advertising.
• B) the proliferation of telecommunications into the hands of a few.
• C) an increase in computing costs owing to the growth of licensed software.
• D) a decrease in the standards of corporate ethics.
• E) the creation of an unprecedented set of security and espionage threats.

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Definitions:

General Journal

A book or digital record used in double-entry bookkeeping to chronicle all financial transactions in chronological order, allowing for the tracking of all company transactions.

Accounting System Design

The process of defining the structure, components, and processes of an accounting system tailored to meet specific financial reporting and management needs.

Internal Controls

Systems and procedures implemented by a company to ensure the integrity of financial and accounting information.

Information Processing

The collection, manipulation, storage, retrieval, and classification of information.