trol principle for accounting information systems requires that the:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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
Transcribed Image Text:The control principle for accounting information systems requires that the:
Multiple Choice
Benefits from an activity outweigh the costs of the activity.
System report useful, understandable, and timely information for decision making.
System must have methods and procedures allowing managers to control and monitor business activities.
System be able to adapt to changes in the company, business environment, and needs of decision makers.
System conform to a company's activities, personnel, and structure.

Transcribed Image Text:The five principles of accounting information systems are:
Multiple Choice
Control, accountability, relevance, compatibility, and flexibility.
Historical cost, relevance, compatibility, flexibility, and cost-benefit.
Control, relevance, compatibility, flexibility, and safety.
Historical cost, relevance, compatibility, timeliness, and cost-benefit.
Control, relevance, compatibility, flexibility, and cost-benefit.
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