Computer Technologies Become Obsolete Faster Than Other Technologies in the Organization

question 18

True/False

Computer technologies become obsolete faster than other technologies in the organization.

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Definitions:

Petty Cash Fund

Fund (source) that allows payment of small amounts without the writing of checks.

Approved Voucher

A document or record that authorizes a payment and confirms that goods or services have been received and are satisfactory, ready for payment processing.

Unpaid Balance

The remaining amount of a debt or loan that has not yet been paid off by the borrower.

Voucher Document

A document recording the details of a financial transaction and used for authorizing the payment process.