Selecting a Specific Record from a Master File Containing Millions

question 66

True/False

Selecting a specific record from a master file containing millions of records requires a direct access file environment.

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Definitions:

Not-For-Profit Organizations

Organizations that have primary objectives such as public service rather than returning a profit to its owners.

Management Accountant

A professional role focused on providing financial data and advice to inform managerial decision-making and strategic planning.

Government Accountants

Accountants who work within the public sector, responsible for managing and auditing the finances of government agencies.

Balance Sheet

A document that provides a snapshot of a corporation's financial status, by listing its assets, debts, and the equity available to its shareholders at a given time.