
Business Record Keeping
Authored by Anthony Karl Perez
Business
3rd Grade
Used 1+ times

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15 questions
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1.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
When creating a record keeping system, it’s a good idea to………………………………..
Start after one year of operations.
Start simple and refine later.
Get a sophisticated system to anticipate future needs.
Wait until enough information is available to get started.
2.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Record keeping is the orderly and ____________________ practice of storing business records.
Legal
Corporate
Financial
Disciplined
3.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Which of the following are reasons for keeping good records? Select all that apply.
Planning
Business detail tracking
Legal compliance
Tax preparation
All of the above
4.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Record keeping is one of the most important task for small and big business owner. No business or government entity can survive without making records of its activities.
True
False
5.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Which of the following is not an advantage of electronic filing systems
Less waste
Less physical space
Accessible to all
Economical
6.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Which of the following is not a feature of an effective business record system?
simple and easy to use
Have a high retrieval speed
Be easily accessible to all staff.
D. Both B & C
7.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Which of the below should an organization consider when choosing a storage device?
A. Capacity
B. Physical size
C. Color
D. Both A & B
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