The data storage stage of the transaction processing cycle is when transaction-related data is stored in the transaction database.
Answer the following statement true (T) or false (F)
True
You might also like to view...
Understating expenses is justified based on:
a. time period assumption. b. conservatism assumption. c. materiality assumption. d. matching assumption. e. None of the answers are correct.
Which of the following statements is true of fixed and variable costs?
A) Both costs are constant when considered on a total basis. B) Variable costs are constant in total, and fixed costs are constant per unit. C) Both costs are constant when considered on a per unit basis. D) Fixed costs are constant in total, and variable costs are constant per unit.
Which of the following statements is true of negligent failure to warn?
A) The manufacturers must provide warnings about obvious dangers. B) The manufacturers have to include warnings only for the original purchaser of the product, but not the user. C) The manufacturers need not include warnings about dangers from unforeseeable misuses of the product. D) The manufacturers of prescription drugs need not provide warnings to physicians of any chance of serious adverse reactions.
Transmission and receipt of a purchase order is which type of flow?
a. Cash b. Information c. Material d. Work