Chapter 33 – Solutions
Multiple Choice Solutions
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b) PCN compliance is mandatory and most important.
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b) Sage BOB is Luxembourg-specific accounting software with PCN compliance.
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b) Odoo community edition is free open-source software.
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b) Excel may be suitable for very small businesses only, but has limitations.
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a) Cloud software has lower upfront cost (subscription-based).
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b) Data migration should be planned and tested thoroughly.
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b) Bank integration allows automatic transaction import.
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b) Backups should be done daily for active businesses.
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c) Data must be retained for 10 years (Luxembourg requirement).
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c) Software integration helps reduce costs, save time, and improve accuracy.
Note: Complete solutions for Problems Set A, Set B, and Comprehensive Problem are available in the instructor solutions manual.
End of Chapter 33 Solutions