An information system that supports a particular area of an organization, such as production or marketing, is called a:

A company's interplay among customers, vendors, and the general public

A) typically has little effect on public opinion and consumer behavior. B) is only significant if a firm is publicly traded. C) invariably influences opinions and instigates word-of-mouth. D) is important when a company is spending heavily on mass media advertising. E) is directly proportional to the effectiveness of a firm's employee relations.

The purchase of equipment with both cash and on account was recorded as only a credit purchase. Due to this error:

A) assets would be understated. B) liabilities would be overstated. C) owner's equity would be overstated. D) None of the above is correct.