Adding, deleting, or replacing standing data is called transaction processing.
Answer the following statement true (T) or false (F)
False
You might also like to view...
Answer the following statements true (T) or false (F)
1. Controlling is arranging tasks, people, and other resources to accomplish the work. 2. Controlling is the only management function that affects productivity. 3. Control systems can help managers anticipate, monitor, and react to environmental changes. 4. Japanese-produced cars that were perceived as better built than American ones resulted from the Japanese use of controls.
The time period assumption:
A. Prescribes that a company record the expenses it incurred to generate the revenue reported. B. Means that accounting information reflects a presumption that the business will continue operating instead of being closed or sold. C. Presumes that the life of a company can be divided into time periods, such as months and years, and that useful reports can be prepared for those periods. D. Means that a business is accounted for separately from other business entities, including its owner. E. Means that we can express transactions and events in monetary, or money, units.
For customers with strong credit ratings, Jen's furniture store offers a credit line with no interest for six months for purchases over $500. This is an example of a pricing strategy
Indicate whether the statement is true or false
Henry Lee runs a kiosk at a beach as a summer business. He sells a bottle of pop made by a local manufacturer to Claude Erskin, who has never heard of the brand before
There is a piece of glass in the bottle and Claude is injured and wants to sue someone. Which of the following is true? A) Claude can only sue Henry, the retailer of the pop, since he has a contact only with him. B) Even though Claude bought the pop from Henry, Claude can sue the manufacturer in contract. C) Even though Claude has no contract with the manufacturer, he can sue it in tort. D) Claude can sue both Henry and the manufacturer. E) Claude can't successfully sue anyone.