A Computerized Information System That Strives to Input Data Once

question 25

Multiple Choice

A computerized information system that strives to input data once and make it available to people across the company for different purposes is called a(n) :

• A) cost management information system
• B) enterprise resource planning system
• C) internal accounting system
• D) financial accounting system

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Definitions:

Net Income

The total profit of a company after all expenses and taxes have been deducted from revenue, a key indicator of a company's financial health.

Retained Earnings

The portion of profits kept in the company rather than paid out as dividends, which can be used for investment or debt reduction.

Retained Earnings

The portion of net earnings not distributed as dividends to shareholders, but retained by the company for reinvestment.