Proper explanation please.

51. Which of the following is a technological tool that businesses use to archive their financial records: A. Electronic data interchange C. Digital microfilm scanner B. Direct-response software D. Web-development programs

52. Why has online technology's use increased in financial-information management? A. Recognition that the security of transactions is no longer an issue B. Removal of electronic information exchange procedures C. Passage of laws that recognize electronic documents as legally binding D. Protection of customers' right to privacy

53. The primary reason that businesses use data mining techniques to obtain various types of financial information is to A. manage their working capital effectively. B. develop their financial goals. C. identify relationships and patterns among data. D. analyze the accuracy of their accounting records.

54. Alyssa is starting a small business out of her home. When she accesses a business "how-to" web site, Alyssa finds software downloads and printable worksheets that will help her plan and manage her business's income and expenses. The software and worksheets are types of A. statistical information. C. budgeting tools. B. legal data. D. organizational charts.

55. What is a benefit of managing budgeting data efficiently through budgeting applications? A. Decreases auditors' ability to trace the numbers used in budgets B. Increases amount of time that needs to be spent on value-added activities C. Decreases the need for having an audit trail D. Increases management's confidence in budgets

56. Businesses often use computer-spreadsheet software for "what-if" financial planning by plugging in different numerical data into formulas, which provide possible A. distribution methods. C. financial outcomes. B. production strategies. D. accounting standards.

57. In which of the following situations would a firm use cost-analysis applications: A. To predict sales volume for a certain period of time B. To determine the number of delinquent accounts C. To assess income changes over a certain period of time D. To evaluate the amount of money associated with inventory storage

58. To obtain specific financial information from a complex database, the user has to set A. queries. C. tabs. B. symbols. D. panels.

59. Because the Keller Company is a public corporation, it must provide its shareholders with accurate financial information in a(n) A. accounting portfolio. C. complex memorandum. B. informal monthly contract. D. annual report.

60. To ensure compliance with government regulations, an independent auditor is required to verify the accuracy of a public corporation's A. financial reports. C. diversification efforts. B. selling policies. D. accounting philosophies.

61. Which of the following is a financial report that financial institutions often review to decide if they will approve applicants' requests for business loans: A. Payment voucher C. Petty-cash summary B. Corporation charter D. Cash-flow statement

62. The accounting system used to report a business's financial position that is intended for internal users is the __________ accounting system. A. financial C. computerized B. management D. manual

63. In relation to recording business transactions, a primary difference between the cost and accrual accounting systems is A. complexity. C. frequency. B. scope. D. timingr.