There Are Many Different Types of Documentation Necessary to Operate

question 75

Multiple Choice

There are many different types of documentation necessary to operate and maintain an accounting system.These types of documentation include all of the following, except:

• A)Flowcharts
• B)Operator Manuals
• C)Output Examples
• D)Entity Relationship Diagrams

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Definitions:

Deadweight Loss

A loss of economic efficiency that can occur when equilibrium for a good or service is not achieved or is not achievable.

Tax

Mandatory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization.

Tax Cuts

Reductions in the amount of taxes that individuals or corporations are required to pay to the government.

Tax Revenue

The monetary gains that are acquired by governments from taxation.