Question

Which type of software package is suitable for an organization where the volume of accounting transactions is very low and adaptability is very high?

• A. Specific
• B. Tailored
• C. ERP Software
• D. Generic

Hint:

Generic software is ideal for businesses with low transaction volumes and high adaptability as it provides ready-to-use solutions without heavy customization costs.

Answer 1

The Correct Option is D

1. Generic software is best for organizations with low transaction volumes and high adaptability.
2. Its pre-designed, easy-to-implement, and cost-effective nature makes it ideal for small businesses or startups.
3. Tailored software serves businesses with unique requirements and is often unnecessary for those with low transaction volumes.
4. ERP software, designed for large organizations with high transaction volumes, is inappropriate here.

Therefore, the correct option is (D) Generic.