What Is the Most Accurate Statement About Memos in the Workplace

question 10

Multiple Choice

What is the most accurate statement about memos in the workplace?

• A) E-mail has made memos completely obsolete.
• B) Memos are still used more than e-mail in today's workplace.
• C) Memos remain useful for internal messages that require a permanent record or formality.
• D) Memos are primarily useful for sending confidential and sensitive information to external readers.

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Definitions:

Liabilities

Financial obligations or debts that a company owes to others, which are expected to be settled through the transfer of assets, provision of services, or other economic benefits.

Income Statement Account

A financial account that shows the company's revenues, expenses, and net income over a specific period.

Petty Cash Transactions

Small purchases or expenditures paid using a readily available cash fund.

Cash Over and Short

An account that reports the discrepancies between the physical count of cash and the recorded amounts in a business's financial records.