Outputs from an Accounting Information System Include: (I) Income Statements

question 8

Multiple Choice

Outputs from an accounting information system include: (i) income statements, (ii) tax returns, (iii) decisions.

• A) i and ii only.
• B) ii and iii only.
• C) i and iii only.
• D) i, ii and iii.

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Definitions:

Members of the Board

Individuals elected or appointed to oversee the activities and governance of a company or organization, making strategic decisions.

Officers

Individuals appointed by a company's board of directors who are responsible for the day-to-day operations of the company.

Distributorship

A type of franchise in which the franchisor manufactures a product and licenses a dealer to sell the product in an exclusive territory.

Franchise

A business arrangement between an owner of a trade name or trademark and a person who sells goods or services under the trade name or trademark.