Which of the Following Is NOT True About Managing Files

question 6

Multiple Choice

Which of the following is NOT true about managing files?

• A) A folder is a logical representation of where you store your files on a computer.
• B) In Windows, the default location for a spreadsheet file is in the Documents folder.
• C) The Windows operating system labels storage devices with letters.
• D) A computer file's location is defined by a file configuration.

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Definitions:

Contingent Liabilities

Liabilities that may arise from past transactions if certain events occur in the future.

Interest Expense

The cost incurred by an entity for borrowed funds; interest expense is a non-operating expense shown on the income statement.

360-Day Year

A financial convention that simplifies interest calculations by assuming a year has 360 days.

Note Payable

A financial obligation or loan documented by a written promissory note specifying repayment terms, interest rates, and maturity dates.