Day: December 22, 2024

Accounting Multiple Choice Question – 22 December 2024

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

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An information system that fails to collect information from its environment will be ignoring information about which ONE of the following?

Select ONE answer:

  1. Its transactions
  2. Competitor action
  3. Its budgets
  4. Its mission

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 2

  1. Not correct
  2. Correct == > This closed system will miss or ignore all external information. Therefore, there will be no information about competitors, legislation or share price.
  3. Not correct
  4. Not correct

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