Which of the Following Is a Disadvantage of Housing Files

question 4

Multiple Choice

Which of the following is a disadvantage of housing files in boxes?

• A) They require more floor space.
• B) They do not remain in one location and are easily misplaced.
• C) They are often long, sometimes extending the full length of a wall.
• D) They cannot be moved.
• E) They are more expensive than other filing systems.

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Definitions:

Income Distribution

The way in which a country's total GDP is spread among its population, affecting economic inequality.

Limited Liability Partnership

A partnership in which some or all partners have limited liabilities, meaning they are not personally responsible for the debts of the business.

Closing Entry

A journal entry made at the end of an accounting period to transfer the balance from temporary accounts to permanent ones, prepping the books for the next period.

Withdrawn

Refers to the act of removing funds from an account or canceling a financial transaction or operation.