Intranets And Internet - Advantages And Disadvantages To Accounting - SS3 Accounting Past Questions and Answers - page 1
What is an intranet?
A private network designed for communication within an organization
A public network designed for global communication
A network used for gaming and entertainment
None of the above
What is one advantage of an intranet for accounting?
Improved efficiency
Reduced security
Increased cost
Limited access
What is a potential disadvantage of an intranet for accounting?
Enhanced collaboration
Improved security
Technical issues
None of the above
What is the Internet?
A global network of interconnected computers and devices
A private network designed for communication within an organization
A network used for gaming and entertainment
None of the above
What is one advantage of the Internet for accounting?
Security risks
Lack of personal contact
Global reach
Technical issues
What is a potential disadvantage of the internet for accounting?
Improved efficiency
Security risks
Increased personal contact
None of the above
How can intranets improve collaboration in accounting?
Intranets provide a centralized platform for sharing financial data, which can help to streamline financial reporting and decision-making.
What is the potential security risk of using the Internet for accounting?
The internet is vulnerable to security threats such as hacking and malware, which can compromise the confidentiality and privacy of financial information.
How can the Internet provide a global reach for accounting firms?
The Internet allows accounting firms to communicate with clients, suppliers, and other stakeholders from around the world, expanding their reach and attracting clients globally.