All of the Following Are Issues with the Traditional File

question 43

Multiple Choice

All of the following are issues with the traditional file environment except:

• A)data inconsistency.
• B)inability to develop specialized applications for functional areas.
• C)lack of flexibility in creating ad-hoc reports.
• D)poor security.
• E)data sharing.

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Definitions:

Cost Of Goods Sold

Direct costs attributable to the production of the goods sold by a company.

Financial Statements

Formal records of the financial activities and position of a business, person, or other entity, presented in a structured manner.

Current Ratio

A measurement indicating how well a business can cover its short-term debts with its available assets, made by dividing current assets by current liabilities.

Financial Statements

Official records that outline the financial activities and condition of a business, individual, or other entity.