Companies Have Always Faced the Challenge of Managing Physical Documents

question 147

Multiple Choice

Companies have always faced the challenge of managing physical documents. However, the most significant current challenge involves ___________________.

• A) The volume of documents that must be reviewed to determine if they should be retained or destroyed
• B) Loading documents onto company websites
• C) Sharing documents across geographic locations
• D) Translating documents into other languages

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Definitions:

Pegboard System

A bookkeeping system that uses a lightweight board with pegs on which forms can be stacked, allowing each transaction to be entered and recorded on four different bookkeeping forms at once; also called the one-write system.

Superbill

An itemized form used by healthcare providers for reflecting rendered services, used for insurance or patient billing.

Double-Entry Bookkeeping

A system of accounting in which every transaction affects both debit and credit accounts and maintains the balance of the accounting equation.

Company's Assets

Resources owned by a company, tangible or intangible, that are expected to generate economic value.