The Five Basic Principles of Accounting Information Systems Are Control

question 101

True/False

The five basic principles of accounting information systems are control, competency, compatibility, flexibility and cost-benefit.

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Definitions:

Leverage

In statistics, the influence a single data point has on the overall outcome of a regression analysis.

Linear Model

A statistical approach for modeling the relationship between a scalar response and one or more explanatory variables using straight-line equations.

Labeled Points

Points in a space marked with identifiers or symbols to denote specific positions or values.

Data

Factual information used as a basis for reasoning, discussion, or calculation, often numeric in form.