Which One of the Following Is Not a Reason for Entering

question 20

Multiple Choice

Which one of the following is not a reason for entering currency information early in the setup -

• A)to allow entering sales tax codes for foreign suppliers and customers
• B)to allow selection of currency for suppliers and customers
• C)to allow entering bank account balances in the foreign currency
• D)to allow entering the linked bank account for foreign currency transactions

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Definitions:

Pound

A unit of currency used in the United Kingdom and other areas, or a unit of weight equal to 16 ounces.

Convex Preferences

Consumer preferences that signify a desire for diversified bundles of goods, represented by convex-shaped indifference curves.

Indifferent

A term used in economics and decision theory to describe a situation where an individual or consumer does not prefer one option over another.

Diminishing Marginal

The principle that the marginal benefit of using or consuming one more unit of a good or service decreases as its quantity increases.