Which of the Following Statements Is Not Correct

question 39

Multiple Choice

Which of the following statements is not correct?

• A) The sales transaction file is used to update the customer master file.
• B) The open customer invoice file holds data about incomplete transactions.
• C) The customer master file is used to update the open customer invoice file.
• D) The sales transaction file captures detailed sales transaction data in chronological order.

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Definitions:

Output

The amount of products or services that a company, sector, or nation generates over a specific timeframe.

Gasoline Prices

The cost per unit of gasoline, influenced by factors like crude oil prices, taxes, and demand.

Shift

In economics, a movement or change in the position of a supply or demand curve in response to external factors.

MC, AVC, ATC Curves

Graphical representations in economics of the marginal cost, average variable cost, and average total cost, respectively, which firms use for production and pricing decisions.