Which of the Following Is an Automated Function Provided by Accounting

question 39

Multiple Choice

Which of the following is an automated function provided by accounting software programs?

• A) Bank feeds.
• B) Online invoicing.
• C) Payroll.
• D) All of these are automated functions.

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Definitions:

Scarce Resources

Resources that are limited in availability and can run out if not used efficiently, leading to the necessity of making choices on how to allocate them.

Invisible Hand

A metaphor introduced by Adam Smith to describe the self-regulating nature of the marketplace.

Economic Prosperity

The state of flourishing, thriving, good fortune, and/or successful social status in terms of wealth, health, and happiness.

Incentives

Forms of motivation that aim to encourage people to perform actions or undertake activities by providing rewards or benefits.