In developing an accounting system cost effectiveness does not imply that

A) the benefits obtained from the system outweigh the costs.
B) an electronic system must be cheaper than the system it is replacing.
C) the system should be cost effective.
D) the value of an accounting report should be at least equal to the cost of producing it.

Cost Effectiveness

A measure of the economic efficiency in terms of the cost incurred for a given outcome or result.

Accounting System

An organized set of manual and computerized accounting methods, procedures, and controls established to gather, record, classify, analyze, summarize, interpret, and present accurate and timely financial data.

Accounting Report

Documents that summarize the financial performance and position of an entity, such as income statements and balance sheets.