Advantages of Using the Sage 50 Program Over a Manual

question 41

Multiple Choice

Advantages of using the Sage 50 program over a manual accounting system include -

• A) Sage 50 creates jobs because it requires more individuals to key in data
• B) through recording journal entries, all ledgers and reports are automatically posted
• C) You are able to set reminders in daily business manager lists for reports, etc.
• D) choices b and c are correct

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Definitions:

Marketplace

A physical or virtual space where goods and services are exchanged, typically involving multiple buyers and sellers.

Agricultural Societies

Communities whose economies are based primarily on the production and maintenance of crops and farmland, often signifying a shift from hunter-gatherer lifestyles.

Multipurpose Money

A concept in economics where money is used for various purposes beyond medium of exchange, including as a unit of account, a store of value, and a standard of deferred payment.

Merchant Capitalism

An economic phase in which merchants' wealth is accumulated through trade and the exploitation of international commerce, often preceding industrial capitalism.