Data Files Are Processed by _________ Files

question 54

Multiple Choice

Data files are processed by _________ files.

• A) workbook
• B) program
• C) document
• D) extension

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Definitions:

Indemnity

A contractual obligation of one party to compensate the loss incurred by another party.

Contract Law

The body of law that regulates legally binding agreements between parties.

Income-Splitting

A tax strategy used by families or partnerships to divide income amongst members to lower the overall tax liability by utilizing lower tax brackets.

Back Pay

Compensation owed to an employee for a past period, typically due to underpayment or wage disputes.