Question

Match each word or phrase with the best description of it.

a. Allows multiple users to access the system at the same time.
b. Enables the tracking of all transactions.
c. Identifies suspicious transactions or likely mistakes such as wrong account numbers or duplicate transactions.
d. Large-scale computer systems that integrate all aspects of the organization including accounting, sales, human resource management, and manufacturing.
e. System for companies with revenues of less than $5 million and up to 20 employees.

1. Entry-level software
2. Network-compatible
3. Audit trail
4. Enterprise resource planning. systems
5. Internal control

Answer 1

Answer:

a. Network-compatible

b. Audit trail

c. Internal control

d. Enterprise resource planning systems

e. Entry-level software

Explanation:

a. Network-compatible means the capacity for two systems to work together.

b. An audit trail is a system that tracks transactions in an accounting record.

c. Internal control is a process that checks an organization's financial reporting.

d. Enterprise resource planning systems are one type of software used to manage everyday business.

e. Entry-level software is one of the cheapest products offered that has standard accounting functions, such as accounts payable and financial reporting.