When Files Are Destroyed,a Cross-Reference List Should Be Kept and Should

question 8

Multiple Choice

When files are destroyed,a cross-reference list should be kept and should include all the following EXCEPT:

• A)the types of documents being destroyed.
• B)the time period that the documents represented.
• C)the method used for destruction.
• D)the signature of the person authorizing the file destruction.

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Definitions:

Current Ratio

A liquidity measure that compares a company's current assets to its current liabilities.

Return-On-Sales Ratio

A financial metric that calculates how efficiently a company is generating profits from its revenue.

ROE

Return on Equity, a measure of financial performance calculated by dividing net income by shareholders' equity.

Inventory Turnover

A financial metric indicating how many times a company has sold and replaced inventory over a given period.