In a Document Management System, a Central Library Stores All

question 7

Multiple Choice

In a document management system, a central library stores all documents within a company or department. What is another name for this central library?

• A) archive
• B) glossary
• C) repository
• D) vault

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Definitions:

Unearned Subscription Revenue

Unearned Subscription Revenue is income received by a company for goods or services yet to be provided, recorded as a liability on the balance sheet.

Subscription Revenue

Income generated from customers paying recurrent fees for access to a product or service over a period of time.

Accounting Equation

Assets = Liabilities + Owner’s Equity.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, usually a fiscal quarter or year, to calculate net income.