Which of the Following Statements Is True Regarding Customer Information

question 110

Multiple Choice

Which of the following statements is true regarding customer information?

• A)Customer information can exist in several operational systems.
• B)Customer information in each operational system could change.
• C)Customer information in each operational system can be different.
• D)All of these.

Understand the role and importance of business plans for entrepreneurs.

Recognize the importance of financial planning and awareness of funding sources for small businesses.

Understand the operational and legal foundations of various business structures including sole proprietorships, partnerships, and corporations.

Comprehend the significance and process of creating mission statements for businesses.

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Definitions:

Contributions

Payments or services provided by individuals or organizations towards a common goal or benefit.

Initial Deposit

The first sum of money placed into an account or investment.

Regular Interest

Interest that is paid at a standard rate on investments or charged on loans over a fixed period.

GIC

A Guaranteed Investment Certificate, a Canadian investment that offers a guaranteed rate of return over a fixed period of time.