Which of the Following Is TRUE About Files

question 66

Multiple Choice

Which of the following is TRUE about files?

• A) Software is used to create folders, not files.
• B) For a file to be accessed at a later time, it must be stored only on the computer's hard drive.
• C) A digital photograph or music can be a file.
• D) Files contain folders.

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Definitions:

Par Value

The face value of a bond or stock as stated by the issuing company, which does not necessarily reflect its market value.

Earnings Distributed

Refers to the portion of a company's net income that is paid out to shareholders as dividends.

Accumulated Earnings

The total net income retained in a company for growth, expansion, and/ or reserve purposes, not distributed as dividends.

Financial Statements

Financial statements are formal records of the financial activities and position of a business, person, or other entity, presented in a structured manner.