An Advantage of a Batch General Ledger System (GLS)is That

question 77

Multiple Choice

An advantage of a batch General Ledger System (GLS) is that

• A) separation between authorization and transaction processing is strictly enforced
• B) the general ledger master file is recreated with each update
• C) updates and reconciliation of transactions occur as a step within the transaction cycle
• D) errors and out-of-balance conditions are identified at the end of the month

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Definitions:

Exchange-Rate Risk

The potential for investors to experience losses due to changes in the exchange rate between two currencies in their foreign investment transactions.

World-Index Portfolio

An investment portfolio comprising a wide variety of assets that aim to mirror the performance of global financial markets or specific global indexes.

Single-Country Funds

Investment funds that target securities from a specific country, offering exposure to that nation’s economic performance.

Mutual Funds

Investment vehicles that pool money from many investors to purchase a diversified portfolio of stocks, bonds, or other securities.