A Problem That Occurs with Classification Codes Is That

question 44

Multiple Choice

A problem that occurs with classification codes is that:

• A) there may not be enough letters to form a complete code.
• B) the classifications may not be secure enough.
• C) there may be several groups that have the same first letter.
• D) the classifications are not easily understood since they are encrypted.
• E) the data may not be recognized as belonging to any classes.

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Definitions:

Cash Flow

The total amount of money being transferred into and out of a business, especially as affecting liquidity.

Operating Activities

Activities related directly to the primary, day-to-day operations of a business, including sales, production, and administrative functions.

GAAP

Generally Accepted Accounting Principles, which are standardized guidelines for accounting practices.

Operating Activities

Business activities that relate directly to the production, sale, and delivery of a company's products or services.