Which One of the Following Is an Advantage of Straight

question 1647

Multiple Choice

Which one of the following is an advantage of straight numeric filing over terminal digit filing?

• A) All sections of the file expand uniformly.
• B) The training period is short.
• C) Work can be evenly distributed, causing accountability for accuracy in each of the 100 sections.
• D) Inactive records can be purged evenly.

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Definitions:

End of Quarters

The conclusion of each quarter in a fiscal year, significant for financial reporting and assessment.

Beginning Inventory

The value of goods available for sale at the start of an accounting period, essential for calculating cost of goods sold and inventory turnover.

Net Sales

The revenue generated from sales after deducting returns, allowances for damaged goods, and discounts.

Markup

The amount added to the cost price of goods to cover overhead and profit.