Which of the following most accurately describes IFAC's description of accounting and IT?
A. IT is an important peripheral discipline to accounting.
B. It is difficult to conceive of accounting independent from IT.
C. Accounting and IT are indistinguishable from one another.
D. Accounting is an important peripheral discipline to IT.
Answer: B
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Which of the following statements is a disadvantage for a company that outsources jobs?
A. The potential to groom and hire from within an enculturated workforce decreases. B. The company's contribution to employee health benefits, retirement, and 401(k) payments increases. C. The need to purchase and update computers and related equipment increases substantially. D. The work force size within the company increases, thereby increasing its salary budget.
_____ refers to converting a noncash item to cash, for example, collecting an account receivable
a. Actualization b. Recognition c. Realization d. Materialization e. Transformation
In waiting line systems, there is a(n) ______ relationship between customer waiting time costs and capacity-related costs.
a. direct b. inverse c. exponential d. null
A bill of sale is proof of ownership
Indicate whether the statement is true or false