Which of the Following Is Not a Type of Internal

question 51

Multiple Choice

Which of the following is not a type of internal documentation?

• A)Legal documents.
• B)Business documents.
• C)Third-party documents.
• D)Accounting documents.

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Definitions:

Net 30 Credit Policy

A payment term indicating that payment is due in full 30 days after the goods or services have been delivered.

Switch Break-Even Point

The analysis used to determine the point at which the cost of switching to a different product, service, or system is recouped through subsequent cost savings or benefits.

Variable Cost

Costs that vary directly with the level of production or volume of goods and services provided.

Monthly Interest Rate

The percentage of interest that is charged or earned on a loan, deposit, or investment over a month's period.