Electronic Record Files Can Be Named and Stored Using an Alphabetic

question 6

True/False

Electronic record files can be named and stored using an alphabetic, subject, geographic, or numeric arrangement.

---

Definitions:

Service Business

A type of business that provides intangible products or services to customers.

Balance Sheet

A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time, providing a snapshot of its financial condition.

Revenue from Sales

Represents the income that a company generates from its business activities, typically from the sale of goods or services to customers.

Cost of Merchandise Sold

The direct costs tied to producing the goods that a company sells, thus a direct reflection of the cost of inventory sold.