Chapter 1:__________ 1) Which of the following statements is true regarding QuickBooks Online? A) QuickBooks Online can only be accessed by using installed software on a computer desktop or laptop. B) QuickBooks Online is updated annually to ensure the content screens are familiar to users. C) QuickBooks Online requires a user to have integrated knowledge of accounting, financial systems or technology. D) QuickBooks Online is cloud-based and uses a web browser to access. 2) Which of the following is not a transaction category? A) Banking B) Customers and Sales C) Company Preferences D) Employees and Payroll 3) QuickBooks Online refers to the QuickBooks system accessed through a web browser with data stored _____. A) On a compact disc (CD). B) On your account’s computer hard drive. C) On a flash drive.