Which of the Following Can Be Treated as Business Records

question 10

Multiple Choice

Which of the following can be treated as business records that must be retained?

• A) Personal e-mails sent on a company computer.
• B) E-mail messages typed on a company computer but never sent.
• C) Text entered into a Word document that you later deleted.
• D) Personal IMs sent to friends on a company computer.
• E) All can be treated as business records

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Definitions:

Perfectly Competitive

A market structure where there are many buyers and sellers, all selling identical products, with no single entity able to influence the market price.

Labor Market

The supply and demand for labor, where employers seek to hire workers, and workers look for jobs, determining employment levels and wages.

Labor Supply Curve

A graphical representation that shows how the quantity of labor supplied by workers changes in response to changes in wages.

Profit-maximizing

The process by which a firm determines the price and output level that returns the greatest profit.