A Good Policy Concerning Record Keeping Is To

question 63

Multiple Choice

A good policy concerning record keeping is to:

• A)require written responses instead of substituting checkmarks.
• B)retain all receipts and records for a period of three years before discarding.
• C)keep track of all events that occur during the selling day.
• D)never require a record that does not provide positive benefits to someone in the sales process.
• E)record only those details that cannot be committed to memory.

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Definitions:

U.S. Government Bonds

Securities issued by the United States Department of the Treasury to finance government spending.

Net Capital Outflow

The difference between a nation's savings and its domestic investments, representing international transfers of capital.

U.S. Assets

Assets located within the United States that may include real estate, stocks, bonds, and other financial instruments owned by individuals, companies, or the government.

Capital Goods

Long-term assets used in the production of other goods and services, such as machinery, buildings, and equipment, essential for creating consumer goods.