Files Exist on Devices Such as Hard Disks, USB Drives

question 32

Multiple Choice

Files exist on devices such as hard disks, USB drives, reels of magnetic tape, and optical discs.What are these files considered to be?

• A) temporary files
• B) volatile files
• C) soft files
• D) permanent files

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Definitions:

Financial Reporting Releases (FRRs)

Official documents issued by regulatory bodies, providing guidelines and interpretations related to financial reporting standards.

Accounting Principles

Fundamental concepts and guidelines for financial reporting and accounting practices, beyond those defined strictly by GAAP.

Moratorium

A temporary prohibition or suspension of an activity or a law that allows a delay in the payment of debts or obligations.

Proxy Statements

Documents circulated to shareholders in a corporation, providing necessary information for making informed decisions on matters to be discussed at a shareholder meeting, including voting on corporate actions.