Which One of the Following Statements Concerning Flowcharts Is NOT

question 33

Multiple Choice

Which one of the following statements concerning flowcharts is NOT true?

• A)Flowcharts can take many forms.
• B)It is helpful on flowcharts to label each step with process measurements such as cost,capacity,or total elapsed time.
• C)Flowcharts trace the flow of information,customers,equipment,employees,or materials through a process.
• D)The dotted line of visibility separates activities subcontracted from those done in-house.

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Definitions:

Note Payable

A written promise to pay a specific sum of money to a creditor at a future date under specified terms.

Operating Leases

A contract that allows for the use of an asset but does not convey ownership rights of the asset to the lessee.

Balance Sheet

A financial report indicating the assets, liabilities, and shareholders' equity of a company at a certain moment, which serves as a foundation for calculating returns and assessing its financial health.

Present Value

The current worth of a future sum of money or stream of cash flows, given a specified rate of return.