When Florence joins her father's construction business,she realizes all the transactions are still done and maintained on paper.What should she do to establish a system where any data can be looked up immediately and transparency can be maintained?
A) Transfer all financial record to spreadsheet.
B) Convert all paper files to word documents.
C) Create a database of company projects,customers and vendors.
D) Continue with the old system.

Question

Quizplus · Accepted Answer

Creating a database that includes information on company projects, customers, and vendors would be the best choice because it would allow for easy access to all data and would promote transparency. This system could also potentially streamline the business's operations and increase efficiency. Transferring records to spreadsheets or converting files to Word documents could be helpful, but database software specifically designed for business management would offer the most comprehensive and user-friendly system. Continuing with the old system would not promote transparency and could potentially hinder the business's growth and success.

When Florence Joins Her Father's Construction Business,she Realizes All the Transactions