Marsha Is Considering Two Accounting Information Systems for Implementation in Her

question 13

Multiple Choice

Marsha is considering two accounting information systems for implementation in her organization. $\begin{array}{|l|l|l|}\hline& \text { System A } & \text { System B } \\\hline \begin{array}{l}\text { Source document } \\\text { formats }\end{array} & \begin{array}{l}\text { Paper } \\\text { only }\end{array} & \begin{array}{l}\text { Paper and } \\\text { electronic }\end{array} \\\hline \begin{array}{l}\text { Contains a table } \\\text { titled "journal } \\\text { entries" }\end{array} & \text { No } & \text { Yes } \\\hline \begin{array}{l}\text { Based on a REAL } \\\text { model }\end{array} & \text { No } & \text { No } \\\hline \begin{array}{l}\text { Generates financial } \\\text { statements and other } \\\text { pre-defined reports }\end{array} & \text { Yes } & \text { Yes } \\\hline \begin{array}{l}\text { Outputs can be } \\\text { accessed by }\end{array} & \begin{array}{l}\text { Anyone in the } \\\text { organization }\end{array} & \begin{array}{l}\text { Accounting } \\\text { personnel only }\end{array} \\\hline\end{array}$

-Which system(s) can incorporate some form of information technology?

• A) System A.
• B) System B.
• C) Both System A and System B.
• D) Neither System A nor System B.

Understand the effect of unanticipated inflation on various economic actors.

Grasp the structure of the labor force and the definition of unemployment.

Understand the phases of the business cycle and their characteristics.

Differentiate between true and false statements regarding unemployment benefits and the labor force.

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Definitions:

Intentional Deception

The act of deliberately misleading or lying to others, potentially to gain an advantage or hide information.

Unfair Economic Advantage

A situation where a business or country gains a superior position in the market or economy through unethical, illegal, or inequitable practices.

Accounting Fraud

Deliberate manipulation or falsification of financial records and statements to give a misleading view of a company's financial health.

Bond Ratings Agencies

Organizations that assess the creditworthiness of both sovereign and corporate issuers of debt securities, providing investors with information on the risk level of their investments.