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Kayleigh wanted to combine her accounting degree with her love of kayaking so she started a kayak rental company at a nearby lake resort. One of her first business purchases was a computerized accounting program. She learned in her college classes that a good

software system will eliminate accounting cycle steps and the time it takes for her to interpret the results. As she put it, "It should make the decisions for me!"
true or false

1 Answer

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Final answer:

The statement that a computerized accounting system will make decisions for the business owner is false. Computerized systems aid in the accounting process but do not make business decisions. An engineer may hire a painter due to the painter's expertise and the principles of comparative advantage.

Step-by-step explanation:

The statement "It should make the decisions for me!" regarding a computerized accounting system is false. While a good software system can certainly streamline the accounting cycle, reduce the number of steps, and save time in interpreting results, it will not make decisions for the business owner. The role of the software is to provide accurate data and facilitate the accounting process, but the business owner or manager will still need to make informed decisions based on that information.

A computer systems engineer could technically paint her house, but it is often more practical to hire a professional painter. The primary reason is that painters have expertise and experience in this field which leads to a higher quality finish. Additionally, the time the engineer would spend painting could be better utilized in her specialized field, where she can earn a higher wage than she would save by painting. This concept is known as comparative advantage, where individuals and businesses benefit from specializing in tasks where they have an advantage and hiring others for tasks where they do not.

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