Running Records Are Files or Documents That an Organization Maintains

question 55

Multiple Choice

Running records are files or documents that an organization maintains over time.Which of the following is a limitation of running records?

• A)Organizations do not always maintain them.
• B)Organizations run out of space and the records are hard to find.
• C)Paper documents are often old and brittle.
• D)Handwritten records may be difficult to interpret.

Differentiate between qualitative and quantitative data in geology.

Interpret basic geologic structures and processes from sketches or diagrams.

Grasp the concept of density and its calculation formula.

Distinguish between data and interpretation in geologic studies.

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Definitions:

Compounded Semiannually

The process of calculating interest on both the initial principal and the accumulated interest from previous periods twice a year.

Compounded Annually

Interest calculation method where the interest earned is added to the principal at the end of each year, then the new total earns interest.

Check Register

A record of all transactions in a checking account, including checks written, deposits made, fees paid, ATM withdrawals, and so on.

Bank Statement

A statement that includes all transactions that have occurred for a period of approximately one month.