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:

Protectionism

A government policy to protect domestic industries and producers by restricting international trade, often through tariffs and quotas.

Trade Imbalances

A situation where there is an unequal value of imports and exports between two countries, leading to a surplus or deficit in trade relationships.

Tariffs

Taxes imposed on imported goods and services, often used to protect domestic industries from foreign competition.

Comparative Advantage

A theory that suggests a country should specialize in producing and exporting goods and services for which it has the lowest opportunity cost.