What Advantage Does the Automatic Production of Documents and Reports

question 28

Multiple Choice

What advantage does the automatic production of documents and reports provide a business?

• A) Processing of thousands of transactions at high speed.
• B) Production of relevant reports in a timely manner.
• C) Fast response time for customer queries.
• D) Automatic posting of transactions to the general ledger.

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Definitions:

Withdrawal

The act of removing funds from an account, plan, or deposit.

Investment

The process of distributing assets, typically funds, in anticipation of earning revenue or gains.

Compounded Monthly

Pertains to the method of adding interest each month to both the initial principal and the previously accrued interest.

Annual Deposit

A fixed amount of money deposited into an account once every year.