An Accounting Information System Should Be Designed to Provide Useful

question 110

Multiple Choice

An accounting information system should be designed to provide useful information. To be useful the information must be:

• A) qualitative not quantitative.
• B) unique and unavailable through other sources.
• C) historical in nature and not purport to predict the future.
• D) relevant, accurate and timely.

Recognize the differences between arbitration, mediation, and other forms of conflict resolution.

Identify the processes involved in arbitration and mediation.

Comprehend the roles and limitations of arbitrators and mediators.

Understand the procedural aspects of arbitration and when it is considered binding.