How can the value of the information produced by an accounting information system be determined? What would a measurement and verification expert think about quantification and verification of such information?
How can the value of the information
produced by an accounting information system be determined? What would a measurement and verification expert think about quantification and verification of such information?
Answer: A well-designed AIS improves the efficiency and effectiveness of the value chain by improving the quality and lowering the overall cost of products or services, improving efficiency of operations, improving decision making, and enhancing the sharing of knowledge. These are the benefits of possessing and using information. Drawbacks to possessing and using such information are the costs of obtaining and maintaining such information. These costs include investments in people, processes, and computing and networking hardware and software on an ongoing basis. Costs of the information are quantifiable to some extent. However, some of the benefits of using the information involve numerous estimates and assumptions. As such, the quantification of the benefits of utilizing such information depends on the accuracy of the assumptions.
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An amendment to the escrow instructions requires the agreement of
A. the buyer and the escrow. B. the agent and the escrow. C. the buyer, seller, agent, and escrow. D. none of these.
Which of the following is NOT a source of conflict and disagreement between OD and training professionals?
A) The difference between their perceived role and power base. B) The nature of OD practices challenges assumptions underlying organizational practices. C) OD principles interfere with the implementation of effective training programs. D) OD professionals are more likely to be guided by data than training professionals. E) Companies typically organize around their functional areas.