Human Judgment and Information Technology
the Text Explains the Importance

question 30

Essay

Human judgment and information technology
The text explains the importance of human judgment and information technology in the accounting information system. Indicate with an "X" in the appropriate column which of the following tasks rely primarily on human judgment and which rely primarily on information technology. $$\begin{array} { | l | l | l | } \hline & \text { Human judgment } & \text { Information technology } \\\hline \text { Calculating payroll amounts } & & \\\hline \text { Choosing a piece of software } & & \\\hline \text { Completing a bank reconciliation } & & \\\hline \text { Designing an internal control system } & & \\\hline \text { Graphing a firm's stock price over time } & & \\\hline\end{array}$$

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Definitions:

Perpetuity

A financial term for a constant stream of identical cash flows with no end.

Yield

The earnings from an investment, like dividends or interest, shown as a percentage of the investment's original cost or its current market valuation.

Perpetuity

A type of financial instrument that provides an infinite stream of interest payments.

Yield

The income return on an investment, such as the interest or dividends received, expressed as an annual percentage of the investment's cost or current market value.