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Question 1 In developing an accounting system, cost effectiveness does not imply that the system should be cost effective. the benefits obtained from the system

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1

In developing an accounting system, cost effectiveness does not imply that

the system should be cost effective.

the benefits obtained from the system outweigh the costs.

an electronic system must be cheaper than the system it is replacing.

the value of an accounting report should be at least equal to the cost of producing it

.

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