A Properly Prepared Systems Flowchart Can Be Used To

question 33

Multiple Choice

A properly prepared systems flowchart can be used to:

• A)Describe an organization's method of collecting cash from its clients.
• B)Train new employees in an organization's method of collecting cash from its clients.
• C)Both describe an organization's method of collecting cash from its clients and train new employees in an organization's method of collecting cash from its clients.
• D)Neither describe an organization's method of collecting cash from its clients nor train new employees in an organization's method of collecting cash from its clients.

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Definitions:

Debt Investments

Investments made in bonds or other debt securities, where the investor lends money to an entity (corporate or governmental) that borrows the funds for a defined period at an interest rate.

Held-To-Maturity

A classification for investment securities that the investor has the intent and ability to hold until they mature.

Available-For-Sale

A classification for investments in securities that are not actively traded or held to maturity, allowing gains or losses to be recorded in equity.

Trading

The act of buying and selling securities, commodities, or other financial instruments in financial markets with the aim of profiting from price movements.