The five fundamental principles of accounting information systems are: Multiple Choice a. Control, accountability, relevance, compatibility,

Question

What are the five fundamental principles of accounting information systems? Please select the correct answer from the following multiple-choice options:
a. Control, accountability, relevance, compatibility, and flexibility.
b. Control, accountability, relevance, compatibility, and cost-benefit.
c. Control, accountability, relevance, compatibility, and safety.
d. Historical cost, relevance, compatibility, flexibility, and cost-benefit.
e. Historical cost, relevance, compatibility, timeliness, and cost-benefit. 
Please choose the option that accurately reflects the principles.

Anonymous · Accepted Answer

D. You should authorize the $10,000 expenditure to continue the project if the project will generate a positive net present value. The marginal cost-benefit analysis treats the $2.5 million as a cost that is irrelevant to the current decision making.Explanation:The options you presented were not all the options listed. The option I have listed as the answer is the correct option. Under the Marginal Cost - Benefit analysis, only the Additional costs and inflows are considered. The original cost is considered a Sunk Cost and therefore irrelevant. When making a decision therefore, the company or person should ask if the new investment will bring about a positive NPV. If it is not anticipated to, then there is no need to invest more into it.

Anonymous · Answer

Cost–benefit analysis (CBA), sometimes called benefit–cost analysis (BCA), is a systematic approach to estimating the strengths and weaknesses of alternatives (for example in transactions, activities, functional business requirements); it is used to determine options that provide the best approach to achieve benefits ...

Anonymous

The five fundamental principles of accounting information systems are: Multiple Choice a. Control, accountability, relevance, compatibility,

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