Accounting Multiple Choice Question – 26 December 2024

Lucy Ltd increasingly makes use of the Internet as a source of information to support its decision-making and its strategy formulation.

The chief executive, Alex, however, is concerned about the company’s increasing use of information from the internet as it raises important concerns regarding the information’s?

Select ONE answer:

1. Completeness
2. Authority
3. Cost-effectiveness
4. Relevance

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 == > The major problem with the internet is uncertainty regarding whether the source of the information is a reliable one, i.e. whether it is authoritative.
3. Not correct
4. Not correct

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