Transactional Documents Quiz

Which of the following best describes transactional documents?

• Internal communication memos

• Documents that complete a transaction with customers

• Marketing brochures

• Employee appraisal forms

Which of these is not an example of a transactional document?

• Minutes of Meeting

• Business Plan

• Profit & Loss Account

• Recruitment Ad

The main purpose of transactional documents in compliance is:

• To attract new customers

• To meet in-country regulatory requirements

• To replace legal contracts

• To market products

Which feature is common in transactional documents?

• Payment terms and dispute resolution clauses

• Handwritten signatures only

• Social media handles

• Informal tone

Which of the following is not a stated purpose of transactional documents?

• Monitor fulfilment process

• Keep important files

• Trace sales

• Replace employee handbooks

The importance of maintaining transactional documents includes all EXCEPT:

• Protecting business integrity

• Unlocking opportunities

• Ensuring non-compliance penalties

• Building investor confidence

Missing submission deadlines for annual financial statements can:

• Improve company reputation

• Negatively impact credit rating

• Reduce compliance requirements

• Increase market share

Transactional vs. Business documents — which is correct?

• Business documents are always internal, transactional are external

• Both can be internal or external depending on purpose

• Only transactional documents require signatures

• Business documents never contain financial details

Compliance in documentation mainly ensures:

• Avoidance of penalties and fines

• Higher employee turnover

• Lower profit margins

• Product innovation

A document that outlines financial projections, balance sheet, and P&L falls under:

• Employment Agreement

• Business Report

• Financial Agreement

• Bank Statement