Managers Create Information Linkages to Facilitate Communication and Coordination Among

question 39

True/False

Managers create information linkages to facilitate communication and coordination among organizational elements.

Acknowledge database administration roles and access levels.

Understand measures for data integrity and the importance of database backups.

Understand the principles and basis of government financial reporting, including the recognition and measurement of revenue and expenses.

Identify the characteristics and accounting treatment of tangible capital assets in government entities.

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Definitions:

Fair Credit Reporting Act

The law that gives protection to a consumer in the case of errors on a monthly credit card statement; consumers are not responsible for a disputed amount or the finance charges that amount accrues, until the error is resolved.

APR

Annual Percentage Rate; a measure that reflects the cost of borrowing money or the return on an investment, including interest and other associated fees, shown as a yearly rate.

Finance Charge

A fee representing the cost of credit or the cost of borrowing money, including interest and other related charges.

Car Loan

A financial agreement in which a lender provides funds to a borrower for the purpose of purchasing a vehicle, to be repaid with interest over a set period.