As Your Business Has Grown, You Have Found It Increasingly

question 17

Multiple Choice

As your business has grown, you have found it increasingly hard to keep track of your mailings to your customers without using a database, so the time has come to use a database, and with it, mail merge technology. You turn to your friend Thomas, since he has been doing mail merges for a long time and can guide you in the use of this tool in Microsoft Word.
-Which of the following is NOT a true statement Thomas can make as he introduces you to merging documents?

• A) As long as you use the brackets, you can type merge fields into the main document on your own.
• B) A record is the information about one individual or object.
• C) Each row of data in a table makes up a complete record.
• D) A data source is a table of information.

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Definitions:

Ending Inventory

The worth of products ready for purchase at the close of a financial period.

Cost Flow Assumption

The method used by businesses to value inventory and calculate the cost of goods sold, based on the order in which products are bought or produced.

FIFO

"First In, First Out," an inventory valuation method where the oldest stock is sold first.

Tax Purposes

The reasonings or rationalizations related to the computation and payment of taxes, often guiding how financial transactions are structured or reported.