Asked by Bryce Bloomquist on Jun 29, 2024
Verified
The cost-benefit principle prescribes that the benefits from an activity in an accounting information system outweigh the costs of that activity.
Cost-benefit Principle
This refers to the economic principle that actions or decisions should be pursued only if the benefits outweigh the costs.
- Acknowledge the importance of cost-benefit analysis in implementing and maintaining accounting information systems.
Verified Answer
ZK
Zybrea KnightJul 05, 2024
Final Answer :
True
Explanation :
The cost-benefit principle states that an activity should only be undertaken if the benefits from it exceed the costs of that activity. This principle is widely recognized and followed in the business world to ensure that resources are allocated efficiently and effectively. Therefore, the statement is true.
Learning Objectives
- Acknowledge the importance of cost-benefit analysis in implementing and maintaining accounting information systems.
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