Concerning a Master File,which of the Following Statements Is False

question 57

Multiple Choice

Concerning a master file,which of the following statements is false?

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

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Definitions:

Production Process

The series of actions and operations involved in manufacturing goods and products, starting from the raw material stage to the final product.

Apprentices

Individuals, often young, who learn a trade or craft from a skilled employer, agreeing to work for a specified period in return for instruction.

Stock Exchange

A marketplace where securities, such as stocks and bonds, are bought and sold.

Industrialization

The development of industries in a country or region on a wide scale, transforming economies from agrarian to industrial.