When You Purge a File,you

question 25

Multiple Choice

When you purge a file,you:

• A) update it
• B) clean it out
• C) correct information in it
• D) make a copy of it

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Definitions:

Opportunity Cost

The financial consequence of skipping the immediate secondary choice while deciding.

Perpetuity

A financial instrument that pays a constant annual amount indefinitely, often used in valuing financial assets.

Annual Income

Annual income is the total amount of money earned over a year from employment, investments, or business operations.

Compounded Monthly

The process of calculating interest on both the initial principal and the accumulated interest from previous periods, with the compounding occurring on a monthly basis.