Transaction files:
A) are large files, containing all main information about an entity.
B) are used to update master files and produce reports.
C) cannot contain several record types.
D) are always stored using indexed-sequential organization.
B
Business
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Which of the following statements is TRUE of an exclusive right to sell listing agreement?
A. The seller can sell their property without paying a real estate commission. B. The listing broker is guaranteed a fee if the property is sold. C. The listing broker must find the buyer to collect a fee. D. The seller usually appoints may brokers to find a buyer.
Business
Allowance for Bad Debts is a(n)
a. contra-sales account; b. liability account; c. asset; d. contra-asset; e. contra-liability.
Business