Which of the Following Statements About a Master File Is

question 47

Multiple Choice

Which of the following statements about a master file is false?

• A)A master file is conceptually similar to a ledger in a manual AIS.
• B)A master file's individual records are rarely,if ever,changed.
• C)A master file exists across fiscal periods.
• D)A master file stores cumulative information.

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Definitions:

Values-Based Culture

A corporate culture that emphasizes and prioritizes core values and ethical standards in its business operations and decision-making processes.

Normative Myopia

The short-sightedness in recognizing the long-term importance and influence of norms and ethical standards in decision-making.

Institutionalization

The process by which a practice or organization becomes established and accepted as a norm or standard within society or a specific context.

Core Values

Fundamental beliefs or principles that guide an organization's or individual's actions and decision-making.