Internal File Labels Can Be Used to Prevent the Loss

question 92

Multiple Choice

Internal file labels can be used to prevent the loss of data in the revenue cycle since they

• A) record off-site storage locations.
• B) keep competitors from accessing files.
• C) organize the on-site physical storage site.
• D) reduce the possibility of erasing important files.

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Definitions:

Period Cost

Costs that are expensed in the period in which they are incurred and are not directly tied to production activity, such as selling, administrative, and general expenses.

Marketing

The process and techniques used by organizations to promote and sell their products or services, including market research and advertising.

Administrative Expense

Expenses related to the general operation of a business, including executive salaries, marketing, and other non-production costs.

Period Cost

Operating expenses not directly associated with the production of goods, typically including selling, administrative, and other overhead costs.