Which of the following statements describes the effect that adjustments may have on liabilities? a. adjustments reduce liabilities for the amount of any accrued and unpaid expenses at the end of the period. b. adjustments do not have any effect on liabilities, since cash is not included in the adjusting entries. c. adjustments increase liabilities for the amount of any accrued and unpaid expenses at the end of the period.

Which of the following is not a characteristic of enterprise applications that cause challenges in implementation? a. they introduce "switching costs," making the firm dependent on the vendor. b. they cause integration difficulties as every vendor uses different data and processes. c. they are complex and time consuming to implement. d. they support "best practices" for each business process and function. e. they require sweeping changes to business processes to work with the software.