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Marsha Is Considering Two Accounting Information Systems for Implementation in Her

question 40

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) is (are) most likely to be view-driven?

Understand the concept of credit ratings and their impact on bond classifications.

Grasp the functioning of the stock market and its components.

Know the structure and purpose of different financial institutions.

Understand the role of the Federal Reserve and its policy tools.

Definitions:

Consumer Income

The total amount of money earned by individuals or households that can be used for saving, spending, or investing.

MU y/ Pᵧ

MU y/ Pᵧ represents the marginal utility of good "y" divided by its price, a concept in economics used to analyze consumer choice, indicating the additional satisfaction per unit of currency spent on that good.

Maximize Utility

The economic principle of selecting the option that yields the highest satisfaction or benefit.

Quantities Y

Often refers to the output level or quantity of goods produced in economic models or equations.