An accounting information system is said to have good flexibility, if it ________.
A) works smoothly with the business's employees and organizational structure
B) safeguards a business's assets and reduces the likelihood of fraud and errors
C) provides information that will improve decision making and reduce uncertainty
D) accommodates changes in the business over time
D) accommodates changes in the business over time
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The price at which a share of capital stock may be purchased or sold on the open market is described as its par value
a. True b. False Indicate whether the statement is true or false
Which of the following is an advantage of using dynamic models?
A. ?They help us understand how people form expectations about future economic variables. B. ?They help us understand the consumption decision of economic agents at a given point in time. C. ?They help us understand the production decisions of firms at a given point in time. D. ?They help us understand the movements in the business cycle.
Selective perception and ________ are forms of distortion that involve anticipating certain attributes and qualities in another person.
Fill in the blank(s) with the appropriate word(s).
In most companies, machines break down occasionally and employees are often less than perfect. Which type of standard acknowledges these characteristics when determining the standard cost of a product?
A) Efficiency standard B) Ideal standard C) Practical standard D) Budgeted standard