Record It

Which of the following is an accurate description of business records:

• Events involving sales employees

• Documents containing company information

• Reports about retail theft

• Accounts of customer loyalty

To protect records from risk of destruction by fire, the records should be stored

• in digital formats.

• in a locked room.

• in a remote location.

• on desktop computers.

When Roger retrieved a client's information and called the phone number listed, he discovered the information was incorrect. This is an example of the importance of __________ records.

• quality

• paper

• digital

• required

After Selina caters an event, she makes sure to save her client's information for future use. This is an example of the following stage in a record's life cycle:

• Destroying

• Creating

• Retrieving

• Storing

A new law was passed that affects the personnel records Germaine must keep at his financial services company. This is an example of which influence on the selection of records that businesses keep?

• Leaders

• Regulations

• Industry

• Size

Which of the following is a typical reason why businesses keep financial records:

• To determine an asset's value

• To support personnel decisions

• To prepare budgets

• To time promotions effectively

Keeping reliable financial records helps businesses to

• time their promotions appropriately.

• track income and expenses.

• retrieve records in a disaster.

• prevent depreciation from occurring.

What type of information about equipment is important for businesses to keep in their records?

• Serial numbers

• Country of origin

• Inventory status

• Production process

Which of the following is a primary reason why businesses keep payroll records:

• Because some employees leave their jobs

• Because companies need to document wages paid

• Because a governing agency will review the records

• Because employees want to know the amounts

Ian has worked for the same company for seven years, and he will soon meet with a manager to discuss why he hasn't been promoted during that time. What records will the manager use to answer Ian's questions?

• Promotional

• Legal

• Asset

• Personnel