Each Master File Should Have Programs To

question 54

Multiple Choice

Each master file should have programs to:

• A)add new records.
• B)update master file records.
• C)delete master file records.
• D)read and process records from the master file.
• E)All of the above.

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Definitions:

Repairs

Expenditures to maintain the operational status of assets, rather than to improve or extend their life.

Office Equipment

Tangible items such as computers, desks, and chairs used to facilitate operations in a corporate office setting.

Land

A natural resource not man-made, referring to the earth's surface extending downward to the center of the earth and upward to infinity, including permanently attached natural objects.

Purchase Price

The amount of money that is paid to acquire a good, service, or asset.