A Traditional File System Can Deliver Routine Scheduled Reports After

question 126

True/False

A traditional file system can deliver routine scheduled reports after extensive programming efforts;it can also deliver ad hoc reports or respond to unanticipated information requirements in a timely fashion.

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Definitions:

Fixed Assets

Long-term tangible assets used in a company's operations that are not expected to be converted into cash within a year.

Current Liabilities

Short-term financial obligations that are due within a year or within the normal operating cycle of a business.

Indirect Method

A cash flow statement presentation method that adjusts net income for changes in balance sheet accounts to calculate cash flow from operating activities.

Operating Activities

The day-to-day actions that a business undertakes to generate revenue, as reflected in the cash flow statement.