All of the Following Statements Are TRUE Regarding Linked Workbooks

question 27

Multiple Choice

All of the following statements are TRUE regarding linked workbooks EXCEPT:

• A)Changes to data referenced in its source workbook can be reflected in the data of the destination workbook.
• B)Links to workbooks are difficult to break.
• C)When opening a linked workbook, users are given the choice whether or not to update links.
• D)It is wise to store all workbooks in a linked relationship together in the same folder.

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Definitions:

Fund Assets

Financial resources under the control of an investment fund, including cash, securities, and other investments.

Sales Expenses

Costs incurred directly from the selling of goods or services, including things like commissions, advertising, and promotional materials.

Balanced Funds

Mutual funds that invest in a mix of asset classes, typically stocks and bonds, aiming for a balance between risk and return.

Equities

Shares of stock representing ownership interests in companies, offering potential for capital gains and dividends.