To Prevent the Loss of Valuable Data in the Revenue

question 16

Multiple Choice

To prevent the loss of valuable data in the revenue cycle,internal file labels can be used to

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

---

Definitions:

Financial Forecasting

The process of estimating or predicting how a business will perform in the future through its financial statements.

FA/Sales Ratio

The Fixed Asset to Sales Ratio compares a company's total amount of fixed assets to its sales revenue, indicating how efficiently the company uses its fixed assets to generate sales.

Financial Forecast

A prediction of future revenues, expenses, and profits for a specific period.

Fixed Assets

Long-term tangible assets that are used in the operations of a business and are not expected to be consumed or converted into cash within a year.