CCAK Practice Questions

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NEW QUESTION: 1
A government receives some direct tax once a year and many firms pay over the indirect tax they owe quarterly. However, payments to government employees are made at the same rate every month.
Which asset does a government use to overcome this lack of synchronization between payments and receipts?
A. Index-linked stock
B. Short-dated government bonds
C. Long-dated government bonds
D. Treasury bills
Answer: D

NEW QUESTION: 2
The field data type has changed from a string to a number in the database. In which situation will you have to manually update your report?
A. The field is used for grouping.
B. The field is used to specify order.
C. The field is used in the details section.
D. The field is used in formulas.
Answer: D

NEW QUESTION: 3
The following are examples of continuous physical inventory procedures:
There are 4 correct answers to this question.
Response:
A. Low stock check
B. Putaway physical inventory
C. AdHoc
D. HU counting
E. Zero stock check
Answer: A,B,C,E