Considering Record Keeping

question 2

Multiple Choice

Considering record keeping,

• A) Records should be maintained only until the termination of the helping relationship
• B) Records will only ever be seen by the practitioner
• C) Only information pertinent to the delivery of services should be kept
• D) Only worry about it if you have time

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Definitions:

Property Plant

Property, Plant, and Equipment (PP&E) are fixed assets including buildings, machinery, and equipment that are owned and used by a company for operations and not for immediate sale.

Corporate Office

The central or main office of a company where key administrative and executive activities occur.

Long-term Investments

Investments made to be held for more than a single fiscal year, which might include bonds, stocks, or real estate.

Stock of Other Companies

Securities representing partial ownership in other companies that can be held as investments by individuals or entities.